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Zerohash applies to OCC for a national trust bank license, plans to expand digital asset services
Deep Tide TechFlow News, March 5th, According to The Block, cryptocurrency infrastructure company Zerohash has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to obtain a national trust bank license. According to OCC documents, the company plans to offer digital asset custody, custody of fiat currency and other assets, custodial staking, transfer agency services, trade execution, stablecoin management, as well as settlement, clearing, and custody services.
Zerohash Chief Legal Officer Stephen Gardner has been nominated as the CEO of the trust bank. This move follows the footsteps of several crypto companies such as Ripple, Circle, and BitGo, which received conditional approval from the OCC last December.