TechFlow News, February 24: According to an official announcement from Crypto.com, the company has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Foris Dax National Trust Bank (also known as Crypto.com National Trust Bank). Upon receiving full approval, Crypto.com will operate as a federally regulated national trust bank, offering custody services, staking of assets across various blockchains and digital asset protocols—including Cronos—as well as trade settlement services.
Kris Marszalek, CEO of Crypto.com, stated that this milestone brings the company closer to meeting leading institutional demand for a one-stop, qualified custodian operating under federal regulation. The company submitted its application to the OCC in October 2025; this approval does not affect the ongoing operations of Crypto.com Custody Trust Company, which remains a qualified custodian regulated by the New Hampshire Banking Department.
