Laser Digital said it received conditional preliminary approval from the Office of the Comptroller of the Currency (U.S. national bank regulator) on May 29 to establish Laser Digital National Trust Bank in the United States. The planned trust bank would operate under federal regulation and offer custody (safekeeping of client assets), collateral management (handling pledged assets for trades or loans), and settlement (final transfer of assets and payments) services. The move indicates an effort to build regulated infrastructure for digital asset clients through a U.S. national trust bank structure.