Circle said the New York Department of Financial Services granted a limited-purpose trust charter to Circle Internet Trust Company LLC, doing business as Circle New York Trust, expanding the USDC issuer’s regulated footprint in its home state. The charter places the entity under New York trust company rules and direct state supervision, allowing custody and fiduciary services but generally not deposit-taking or lending. The approval follows Circle’s recent federal trust bank approval from the U.S. Office of the Comptroller of the Currency, and ARK Invest subsequently bought additional Circle Internet Group shares, though the source did not disclose the size of the purchase. Yahoo Finance reported Circle’s stock closed up 8.4% at about $68.40 on the day of the announcement.