The company plans a fresh filing after the OCC, the U.S. bank regulator, denied its original application, The Block reported.
Wise plans to submit a new application for a U.S. national trust bank charter under the GENIUS Act stablecoin framework after its original bid was denied by the OCC (Office of the Comptroller of the Currency). The move suggests the company is trying again through a regulatory route tailored to stablecoin activity, which could give crypto firms a clearer path to operating within the U.S. banking system if approved.