How Does the OCC’s Charter for National Trust Banks Apply to Crypto Custody?

The US Office of the Comptroller of the Currency (OCC) has granted charters allowing national banks and federal savings associations to act as custodians for crypto assets. This subjects them to the same high standards of security, fiduciary duty, and risk management as traditional banking institutions.

The charter provides a clear regulatory path and institutional validation for crypto custody, promoting a safer environment for institutional participation.