Tracker·Updated Jul 22, 2026
The US Crypto Banking Map
Which crypto companies hold a US bank charter?
As of July 22, 2026, 30 digital-asset firms have sought a national bank or trust charter from the OCC across 36 applications: 6 are open and operating, 9 hold conditional approvals, 11 are pending, and 1 holds a final approval not yet open (Circle). A charter is one gate. The Federal Reserve master account is the harder one: of the 11 crypto banks that have sought direct Fed access, 1 holds it (Kraken Financial).
Open
6
banks operating
Final approval
1
approved, not yet open
Conditional approval
9
in buildout
Pending
11
awaiting decision
Updated July 22, 2026Source: OCC digital-assets licensing applications
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30 / 30 companies
- OpenAnchorage DigitalInfrastructure & custody · Crypto-native · United StatesConversion (other to national)First wave2021-01-19
- OpenPaxosStablecoin & token issuer · Crypto-native · United StatesConversion (other to national)Both waves2025-12-12
- OpenBitGoInfrastructure & custody · Crypto-native · United StatesConversion (other to national)Both waves2025-12-12
- OpenFidelity Digital AssetsInfrastructure & custody · TradFi · United StatesConversion (other to national)Second wave2025-12-12
- OpenErebor BankBank · Crypto-native · United StatesFull-bank de novoSecond wave2026-02-06
- OpenUnited Texas BankBank · TradFi · United StatesConversion (state to national)Second wave2026-06-12
- Final approvalCircleStablecoin & token issuer · Crypto-native · United StatesTrust de novoSecond wave2026-07-10
- Conditional approvalNational Digital Trust Company (Protego)Infrastructure & custody · Crypto-native · United StatesTrust de novoBoth waves2026-02-13
- Conditional approvalRippleCrypto-native platform · Crypto-native · United StatesTrust de novoSecond wave2025-12-12
- Conditional approvalCoinbaseCrypto-native platform · Crypto-native · United StatesTrust de novoSecond wave2026-04-02
- Conditional approvalSonyStablecoin & token issuer · TradFi · JapanTrust de novoSecond wave2026-07-02
- Conditional approvalBridgeStablecoin & token issuer · TradFi · United StatesTrust de novoSecond wave2026-02-12
- Conditional approvalCrypto.comCrypto-native platform · Crypto-native · SingaporeTrust de novoSecond wave2026-02-20
- Conditional approvalAugustusPayments & fintech · TradFi · GermanyFull-bank de novoSecond wave2026-05-08
- Conditional approvalLaser DigitalInfrastructure & custody · TradFi · SwitzerlandTrust de novoSecond wave2026-05-29
- Conditional approvalMorgan StanleyBank · TradFi · United StatesTrust de novoSecond wave2026-06-18
- PendingWorld Liberty FinancialStablecoin & token issuer · Crypto-native · United StatesTrust de novoSecond wave2026-01-06
- PendingPayoneerPayments & fintech · TradFi · United StatesTrust de novoSecond wave2026-02-23
- PendingZero HashInfrastructure & custody · Crypto-native · United StatesTrust de novoSecond wave2026-03-02
- PendingRevolutPayments & fintech · TradFi · United KingdomFull-bank de novoSecond wave2026-03-04
- PendingEDX MarketsCrypto-native platform · Crypto-native · United StatesTrust de novoSecond wave2026-03-26
- PendingBastionInfrastructure & custody · Crypto-native · United StatesConversion (other to national)Second wave2026-03-30
- PendingOpenReserve BankBank · TradFi · United StatesFull-bank de novoSecond wave2026-04-13
- PendingAgoraStablecoin & token issuer · Crypto-native · United StatesTrust de novoSecond wave2026-04-27
- PendingKrakenCrypto-native platform · Crypto-native · United StatesTrust de novoSecond wave2026-05-08
- PendingCatena LabsInfrastructure & custody · Crypto-native · United StatesTrust de novoSecond wave2026-05-18
- PendingCBW BankBank · TradFi · United StatesConversion (state to national)Second wave2026-06-26
- WithdrawnFigureCrypto-native platform · Crypto-native · United StatesFull-bank de novoFirst wave2023-07-31
- WithdrawnBitPayPayments & fintech · Crypto-native · United StatesTrust de novoFirst wave2021-11-30
- WithdrawnMetallicusCrypto-native platform · Crypto-native · United StatesFull-bank de novoFirst wave2021-04-15
One company can file more than one charter application through separate vehicles or waves. The Charter applications view lists each track once.
36 / 36 applications
- Conditional approvalNational Digital Trust Company (Protego)National Digital Trust CompanyTrust de novo2025-05-28
- Conditional approvalRippleRipple National Trust BankTrust de novo2025-07-02
- Conditional approvalCoinbaseCoinbase National Trust CompanyTrust de novo2025-10-03
- Conditional approvalSonyConnectia Trust, National AssociationTrust de novo2025-10-07
- Conditional approvalBridgeBridge National Trust BankTrust de novo2025-10-15
- Conditional approvalCrypto.comForis DAX National Trust BankTrust de novo2025-10-23
- Conditional approvalAugustusAugustus National Bank, National AssociationFull-bank de novo2025-12-18
- Conditional approvalLaser DigitalLaser Digital National Trust BankTrust de novo2026-01-27
- Conditional approvalMorgan StanleyMorgan Stanley Digital Trust, National AssociationTrust de novo2026-02-18
- Final approvalCircleFirst National Digital Currency Bank, N.A.Trust de novo2025-06-30
- LapsedNational Digital Trust Company (Protego)Protego Trust Bank, National AssociationConversion (state to national)2020-12-07
- LapsedPaxosPaxos National TrustTrust de novo2020-12-08
- OpenAnchorage DigitalAnchorage Digital Bank National AssociationConversion (other to national)2020-11-09
- OpenFidelity Digital AssetsFidelity Digital Assets, National AssociationConversion (other to national)2025-06-11
- OpenErebor BankErebor Bank, National AssociationFull-bank de novo2025-06-12
- OpenBitGoBitGo Bank & Trust, National AssociationConversion (other to national)2025-07-14
- OpenPaxosPaxos Trust Company, National AssociationConversion (other to national)2025-08-12
- OpenFidelity Digital AssetsFidelity Digital Assets Temporary Bank, National AssociationTrust de novo2025-10-02
- OpenUnited Texas BankUnited Texas Bank, National AssociationConversion (state to national)2025-11-12
- PendingWorld Liberty FinancialWorld Liberty Trust Company, National AssociationTrust de novo2026-01-06
- PendingPayoneerPAYO Digital Bank, National AssociationTrust de novo2026-02-23
- PendingZero Hashzerohash national trust bankTrust de novo2026-03-02
- PendingRevolutRevolut Bank US, National AssociationFull-bank de novo2026-03-04
- PendingEDX MarketsEDX Trust, National AssociationTrust de novo2026-03-26
- PendingBastionBastion Platforms National Trust CompanyConversion (other to national)2026-03-30
- PendingOpenReserve BankOpenReserve Bank, National AssociationFull-bank de novo2026-04-13
- PendingAgoraAgora National Trust BankTrust de novo2026-04-27
- PendingKrakenPayward National Trust CompanyTrust de novo2026-05-08
- PendingCatena LabsCatena Trust Bank, National AssociationTrust de novo2026-05-18
- PendingCBW BankCBW Bank National AssociationConversion (state to national)2026-06-26
- SupersededFidelity Digital AssetsFidelity Digital Assets, National AssociationTrust de novo2025-06-10
- SupersededFidelity Digital AssetsFidelity Digital Assets Temporary Bank, National AssocationTrust de novo2025-10-02
- WithdrawnFigureFigure Bank, National AssociationFull-bank de novo2020-11-06
- WithdrawnBitPayBitPay National Trust BankTrust de novo2020-12-07
- WithdrawnBitGoBitGo National Bank, National AssociationConversion (other to national)2021-01-15
- WithdrawnMetallicusFirst Blockchain Bank and Trust, National AssociationFull-bank de novo2021-02-03
The second gate
The Federal Reserve gate 11
A charter admits a bank to the federal system; a master account gives it direct settlement at the Federal Reserve itself. 11 crypto banks have sought one: 1 approved, 6 pending, 1 rejected, 3 withdrawn. As of 2026-06-26 (Fed quarterly disclosure); statuses re-verified 2026-07-24.
| Institution | Status | Source | |
|---|---|---|---|
Kraken Financial Wyoming SPDI (Kraken Bank, operated by Payward, Inc.) | Approved | Federal Reserve disclosure for Kraken Financial | |
Anchorage Digital Bank, National Association OCC national trust bank | Pending | Federal Reserve disclosure for Anchorage Digital Bank, National Association | |
BCUS, Inc. (formerly known as Banking Circle US) Connecticut uninsured commercial bank (special wholesale/merchant bank charter), Tier 3 | Pending | Federal Reserve disclosure for BCUS, Inc. (formerly known as Banking Circle US) | |
Commercium Financial Wyoming Special Purpose Depository Institution (SPDI) | Pending | Federal Reserve disclosure for Commercium Financial | |
N3XT, Inc. Wyoming Special Purpose Depository Institution (SPDI) | Pending | Federal Reserve disclosure for N3XT, Inc. | |
Standard Custody & Trust Co. LLC New York state limited-purpose trust company (NYDFS), Ripple subsidiary | Pending | Federal Reserve disclosure for Standard Custody & Trust Co. LLC | |
WisdomTree Digital Trust Company, LLC New York state limited-purpose trust company (NYDFS), virtual-currency authorized | Pending | Federal Reserve disclosure for WisdomTree Digital Trust Company, LLC | |
Custodia Bank, Inc. Wyoming SPDI (Special Purpose Depository Institution) | Rejected | Federal Reserve disclosure for Custodia Bank, Inc. | |
FV Bank International, Inc. Puerto Rico International Financial Entity (IFE) | Withdrawn | Federal Reserve disclosure for FV Bank International, Inc. | |
Paxos OCC national trust bank (Paxos Trust Company, National Association); group also held a NYDFS limited-purpose trust charter | Withdrawn | Federal Reserve disclosure for Paxos | |
Protego Trust Bank NA OCC national trust bank (preliminary conditional approval 2021, lapsed 2023) | Withdrawn | Federal Reserve disclosure for Protego Trust Bank NA |
Latest charter actions
Status transitions from the OCC register, newest first.
Jul 20World Liberty FinancialfiledTrust de novo
Jun 12United Texas BankopenedConversion (state to national)
May 29Laser Digitalconditional approvalTrust de novo
May 15United Texas Bankconditional approvalConversion (state to national)
Apr 24Agoraannounced a filingTrust de novo
Apr 2EDX Marketsannounced a filingTrust de novo
Routes into the federal system
Share of the 30 firms, by charter type.
Trust de novo17
Full-bank de novo6
Conversion (other to national)5
Conversion (state to national)2
Reading the register
- 30 digital-asset firms have sought a US national bank or trust charter from the OCC.
- On December 12, 2025 the OCC conditionally approved 5 national trust charters in one day.
- 11 of the 30 are traditional-finance or fintech companies entering through a charter.
- 17 of the 30 are pursuing a national trust bank charter, the most common route into the federal system.
Questions
What is an OCC national trust charter?
A federal banking charter from the Office of the Comptroller of the Currency limited to fiduciary and custody activities, with no lending or deposit taking. It brings a digital-asset firm under federal supervision with nationwide reach, replacing state-by-state licensing. 17 of the 30 firms on this map are pursuing one, the most common route into the federal system.
What is the difference between a charter and a Fed master account?
The OCC grants the charter; the Federal Reserve decides account access separately. A master account gives a bank direct settlement at the Fed without an intermediary bank. Of the 11 crypto banks that have sought one, 1 holds it: Kraken Financial, approved January 2026. Custodia's request was rejected and the rejection upheld on appeal.
Why does a company appear more than once in the applications view?
One row per charter application. A company that filed in the 2020 wave and again in 2025 carries two tracks: Paxos and Protego both do. The companies view rolls a company's applications into one row.
Are withdrawn applications removed from the map?
No. Exits stay on record with their dates. The first wave's withdrawn and lapsed applications mark where the 2021 window closed before the 2025 reopening.
9 conditional approvals are 9 bank buildouts procuring custody, compliance, and banking infrastructure right now. Meridial reads these registers weekly and builds the system that reaches the buyers first: intelligence, content, execution.
Talk to MeridialCompany counts and application counts are stated separately, never conflated. One company can file more than one charter application; the Charter applications view lists each track once. Full methodology.