Modern Treasury Applies for OCC Trust Bank Charter
Modern Treasury has applied to form a limited-purpose national trust bank that would add federally supervised stablecoin custody and related fiat services to its payments platform.
Modern Treasury has applied to form a limited-purpose national trust bank that would add federally supervised stablecoin custody and related fiat services to its payments platform.
Bastion has received preliminary conditional OCC approval for a national trust bank intended to combine stablecoin custody, wallets, payments infrastructure and white-label issuance.
The OCC granted preliminary conditional approval for proposed national banks from Revolut and OpenReserve, both with planned digital-asset payment services.