OCC Grants Catena Labs Preliminary Conditional Approval for National Trust Bank
- —OCC issued preliminary conditional approval to Catena Labs on Sept. 18
- —Approval allows organization of Catena Trust Bank, N.A.
- —The bank has not yet been authorized to open
Why it matters: It adds to the growing roster of crypto-focused trust banks in the US as the OCC takes a friendlier stance on digital assets.
Source: The Defiant