News Explorer — Circle Gets OCC Approval for National Trust Bank

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Jul 10, 11:52 am

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Circle Gets OCC Approval for National Trust Bank

Circle Internet Group, Inc. has obtained final approval from the OCC to establish a national trust bank, Circle National Trust, enhancing USDC infrastructure through federally-regulated custody services. This milestone "aligns digital asset infrastructure with the longstanding role of national trust banks in safeguarding client assets under strict fiduciary standards," the firm said in a statement.

Circle Internet Group, Inc. has obtained final approval from the OCC to establish a national trust bank, Circle National Trust, enhancing USDC infrastructure through federally-regulated custody services. This milestone "aligns digital asset infrastructure with the longstanding role of national trust banks in safeguarding client assets under strict fiduciary standards," the firm said in a statement.

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