Crypto.com gets preliminary OCC approval for US custody bank

Cryptocurrency exchange Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, CoinDesk reported. This will allow the company to offer custody and digital asset-related services under federal supervision. The bank will not be permitted to provide deposit or lending services. Crypto.com submitted its application to the OCC in October 2025. The approval follows a similar license granted last week to Bridge, a stablecoin operator owned by Stripe.