Overview
- The exchange filed its application on Oct. 24 to support nationwide custody and staking services for institutions across multiple blockchains, including Cronos.
- A national trust bank charter is a limited‑purpose OCC framework for fiduciary services and does not authorize FDIC‑insured deposits or traditional lending.
- Crypto.com says it is not aiming to operate as a traditional bank and is targeting digital asset treasuries, ETFs, and corporate investors.
- Operations at Crypto.com Custody Trust Company remain unchanged under New Hampshire oversight, and retail customer arrangements are unaffected for now.
- No decision timeline was provided; approvals typically take many months and may carry bespoke conditions, as more firms like Coinbase, Circle, Ripple and Paxos pursue similar charters, while CRO saw a brief price uptick on the news.