Circle applies to establish a national trust bank, intending to manage USDC reserves and expand custody services.
吴说Jun 30, 2025Stablecoin company Circle has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, "First National Digital Currency Bank, N.A.," as part of its expansion of financial services after its IPO. If approved, the license would allow Circle to self-custody its $USDC reserves and provide digital asset custody services to institutional clients, but would not include the authority to accept deposits or issue loans. Circle says its future custody focus will be on assets such as tokenized stocks and bonds, rather than traditional cryptocurrencies. [Reuters]
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Circle applies to establish a national trust bank, intending to manage USDC reserves and expand custody services.
吴说Jun 30, 2025Stablecoin company Circle has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, "First National Digital Currency Bank, N.A.," as part of its expansion of financial services after its IPO. If approved, the license would allow Circle to self-custody its USDC reserves and provide digital asset custody services to institutional clients, but would not include the authority to accept deposits or issue loans. Circle says its future custody focus will be on assets such as tokenized stocks and bonds, rather than traditional cryptocurrencies. [Reuters]
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