Custodia Bank Pursues OCC Federal Charter Amid Growing Industry Participation

The move aligns Custodia with Coinbase, Ripple, and other firms seeking U.S. regulatory approval for expanded operations.

MOVE

Summary

No Summary provided as the original text is short

Terms & Concepts
  • OCC Federal Charter: A banking license issued by the U.S. Office of the Comptroller of the Currency, allowing firms to operate as national banks.
  • Coinbase: A leading U.S.-based cryptocurrency exchange offering trading, custody, and related crypto services.
  • Ripple: A blockchain-based payment protocol and company focused on real-time global currency exchange and remittance.