Galaxy Digital files with OCC to establish national trust bank
- —The application was filed by subsidiary Galaxy Digital LP
- —The bank would operate as a trust institution supervised by the OCC
- —Services would cover custody, trading and staking of digital assets
- —Headquarters in New York, serving clients nationwide
Why it matters: Approval would give Galaxy a federal charter for crypto custody and broaden institutional access to digital assets in the US.
Source: PANews