Zerohash applies for US National Trust Bank Charter

Blockchain infrastructure firm Zerohash has applied to the Office of the Comptroller of the Currency (OCC) for a US national trust bank charter. This license would allow Zerohash to operate as a federally regulated trust bank, enabling the expansion of its stablecoin and custody services for its clients, which include major partners like Morgan Stanley, Interactive Brokers, Stripe, and Franklin Templeton. Zerohash stated that the charter will allow it to expand services under a federal framework, particularly activities related to the recently enacted GENIUS Act. This move places Zerohash among several other crypto and fintech firms seeking similar OCC-issued licenses, following conditional approvals granted to companies like Crypto.com and Circle. The application was submitted on February 27th, and the charter authorizes fiduciary activities such as trust services and asset safekeeping.

(Source：Cointelegraph)