Currently, more than 12 crypto companies have applied for a US OCC National Trust license.

CoinFeed reported on May 9th that, according to Cryptopolitan, since December 2025, more than 12 crypto and fintech companies have applied for or received national trust banking licenses from the U.S. Office of the Comptroller of the Currency (OCC), including Coinbase, Ripple, Circle, BitGo, and Morgan Stanley and Fidelity Digital Assets. Kraken's parent company, Payward, also submitted an application on May 9th to establish Payward National Trust Company, providing bank-grade crypto custody and trust services to institutional and individual clients. The OCC Comptroller General stated that new entry into the federal banking sector is beneficial to consumers, the banking industry, and the economy, and the OCC will continue to provide pathways for both traditional and innovative financial services.