Zerohash Joins National Trust Bank Charter Race with Latest Application
Blockchain infrastructure provider Zerohash has applied for a National Trust Bank Charter with the OCC to expand its regulated services.Summary
Zerohash, a blockchain infrastructure provider, has submitted an application to the Office of the Comptroller of the Currency (OCC) for a National Trust Bank Charter, viewing it as a logical step for company progression. This charter would enable Zerohash to operate as a trust bank nationwide, offering fiduciary activities, asset custody, and settlement services, though it does not permit deposit-taking or lending, nor does it include FDIC insurance.
The move aligns Zerohash with several other digital asset firms, including Crypto.com, Ripple, Circle, Paxos, Fidelity, and BitGo, which have recently secured conditional or full OCC approvals. The growing trend of crypto firms obtaining federal licensing signals a structural shift toward federally regulated digital asset infrastructure.
However, this development faces opposition from traditional banking groups, such as the American Bankers Association, which argue that broadening trust charters to crypto entities blurs the definition of a bank and risks regulatory arbitrage.
(Source：BeInCrypto)