Crypto Exchange EDX Applies for U.S. National Trust Bank Charter
EDX Markets, backed by institutions including Citadel Securities, Fidelity Digital Assets and Charles Schwab, has specialized in institutional digital-asset trading since 2023. The company says separating trade matching, custody and settlement reduces conflicts of interest associated with vertical integration. An OCC charter would allow it to serve large banks under a single federal regulatory framework.
EDX Markets Holding Company filed its application on March 25, 2026, and the Office of the Comptroller of the Currency received it the following day. The company, which announced the filing on April 2, plans to establish EDX Trust, N.A. If approved, the new bank would provide digital-asset custody, administration, settlement and risk management services. Public application documents did not disclose its proposed capitalization.
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The history behind this eventCrypto.com Wins Conditional OCC Approval for U.S. National Trust Bank
A national trust bank charter allows a company to provide asset custody and trust services across U.S. state lines, but not to take deposits or make loans, and its customers do not receive FDIC deposit insurance. The charter would bring Crypto.com's digital asset custody, staking and transaction settlement activities under federal oversight by the Office of the Comptroller of the Currency, strengthening its compliance framework for institutional clients such as ETFs and corporate treasuries.
Crypto.com applied to the OCC in October 2025 and announced conditional approval on February 23, 2026, to establish Foris Dax National Trust Bank, which would operate as Crypto.com National Trust Bank. The company did not disclose the amount of capital it plans to provide. Before formally opening, the bank must still satisfy the OCC's capital, governance and risk-management requirements.
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