Stripe · CoinDesk
Zerohash back for second effort at OCC trust bank charter
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Zerohash, the crypto infrastructure company that serves high-profile partners such as Morgan Stanley's E*Trade, BlackRock and Stripe, returned to the applicant pool for a U.S. banking charter after the federal regulator handed back its first effort.
Key facts
- That trust application is now awaiting the OCC's review, and a public comment period is open until September 17
- The company is already a state-chartered trust bank and handles crypto infrastructure needs for several major financial firms, including Franklin Templeton, Stripe, Interactive Brokers and DraftKings
- However, neither Zerohash nor the OCC responded to requests for comment on this new effort
- Zerohash, the crypto infrastructure company that serves high-profile partners such as Morgan Stanley's E*Trade, BlackRock and Stripe, returned to the applicant pool for a U.S. banking charter
Summary
Crypto infrastructure firm Zerohash is starting round two with another trust bank application at the U.S. Office of the Comptroller of the Currency. The first effort ended with an unusual return of the application last month, indicating it had unresolved issues. The U.S. Office of the Comptroller of the Currency, which regulates and charters national banks and trust companies, had formally returned the Chicago-based firm's first application last month, meaning the effort had some material deficiencies. That trust application is now awaiting the OCC's review, and a public comment period is open until September 17.