OCC

The American regulator OCC has completed the licensing of Coinbase National Trust Company, which will provide digital asset custody services under federal oversight. The company plans to transition its existing institutional custody business to the new structure within three years. The license does not allow for the acceptance of regular retail deposits or traditional lending.

Ripple has received final approval from the OCC to establish a national trust bank, allowing it to manage reserves for RLUSD and provide digital asset custody services.

The Office of the Comptroller of the Currency (OCC) has urged local banks to enter the payment stablecoin market under the GENIUS Act rules, which will take effect in January. Banks can apply themselves or through a subsidiary. This call comes amid objections from banking associations against OCC's yield rules.

Learn about the final OCC rules under the GENIUS Act, which will take effect on January 18, 2027.

The final OCC rules on stablecoin rewards will take effect on January 18, regulating existing reward programs in the cryptocurrency space.

Agora has received conditional approval to establish a national trust bank in the US. The bank is expected to open its doors within 18 months.