Modern Treasury Files With OCC for National Trust Bank Charter
- —Application filed with the OCC on October 5, CEO Matt Marcus said
- —The bank would provide digital asset custody and related fiat services
- —Lending and stablecoin issuance are excluded from the proposed model
- —Modern Treasury's platform has processed over $600 billion in payments
Why it matters: Another fintech seeking a federal banking charter reinforces the push for regulated crypto custody in the U.S.
Source: The Crypto Times