Cryptocurrency infrastructure company Zerohash applies to the OCC for a national trust bank charter

According to market news, the crypto infrastructure company Zerohash has submitted an application to the Office of the Comptroller of the Currency (OCC) seeking to obtain a national trust bank charter.

According to the application documents, the trust bank that Zerohash plans to establish aims to provide digital asset custody, fiat currency and other asset custody, staking custody and validation activities, transfer agency services, trade execution, stablecoin management, as well as settlement, clearing, and custody services.

Obtaining this charter will not allow Zerohash to engage in traditional banking activities such as accepting deposits or making loans, but it will enable the company to operate under federal regulation, helping to attract more institutional clients.