ZeroHash Applies for National Trust Bank Charter as OCC Crypto Pipeline Grows

Stablecoin infrastructure firm ZeroHash has applied for a national trust bank charter with the Office of the Comptroller of the Currency, an independent bureau of the U.S. Treasury Department. The application is for ZeroHash to become national trust bank, not a traditional bank—so that means the company isn't seeking to offer retail banking, lending, deposit accounts, or FDIC insurance on client funds. Rather, the application for ZeroHash National Trust Bank said the firm wants to offer a comprehensive su ...