ZeroHash Submits Second National Trust Bank Charter Application to OCC

TechFlow reports on August 26 that, according to CoinDesk, cryptocurrency infrastructure provider ZeroHash has recently filed a second application for a national trust bank charter with the Office of the Comptroller of the Currency (OCC). This marks the firm's renewed push for a federal banking regulatory designation following an initial attempt in March of this year.

This application comes against the backdrop of hurdles faced during its first submission. On July 17, the OCC immediately rejected ZeroHash's initial filing without proceeding to a substantive review, citing "material deficiencies" in the application documents. This resubmission is seen as the company's revised effort incorporating regulatory feedback. If approved, ZeroHash will become a nationally chartered trust company subject to federal oversight, enabling it to offer customers higher-trust digital asset custody and financial services.