Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of its regulated, security-first push for large customers — ETF sponsors, corporates and advisers — focused on custody and staking-adjacent trust services across multiple blockchains. The company did not provide a review tim ...

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today that it has been selected to serve as the custodian for reserves backing Anchorage Digital Bank's payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency (OCC). U.S. Bank is one of the nation's largest global custodians – with capabilities that extend into nearly 100 financial markets around the wo. ...

Core Viewpoint - The SEC's no-action letter provides clarity for crypto firms, allowing them to use state-chartered trust companies for custody of digital assets without facing regulatory penalties, which is a significant shift from previous rigid regulations [1][4]. Summary by Sections SEC's No-Action Letter - The letter states that if a state trust company is properly established to handle crypto and adheres to specific rules, advisers and funds can treat it like a traditional bank for custody purposes [2][3]. Requirements for Trust Companies - Trust companies must be licensed to hold crypto, have written protections in place, keep client assets separate from their own, and cannot access those assets without explicit permission [3][6]. Importance for Custody - The SEC's move is crucial as it expands the options for crypto custody, which were previously limited to banks or broker-dealers, often unsuitable for digital assets [4][5]. Flexibility and Responsibilities - While the SEC's letter offers flexibility, advisers must ensure that the trust company is a suitable choice for their clients and that all necessary safeguards are documented in contracts [6][7]. Industry Reactions - The response to the SEC's decision is mixed; some industry players welcome the clarity, while others, like Commissioner Caroline Crenshaw, express concerns about potential risks, lack of data, and the possibility of inconsistent rules that could harm investors [8].

Blockchain Security Incidents - From 2012 to 2025, 84 notable blockchain security incidents were analyzed [1] - Wallet attacks resulted in $7 billion (十亿) in losses, highlighting the importance of wallet design [1] Wallet Design and Vulnerabilities - A new 8-axes framework is proposed for classifying and evaluating wallet designs [1] - A survey identified 33 vulnerabilities across hardware, software, custodial, and non-custodial solutions [1] Custodial Wallet Model - A novel shared custodial wallet model is introduced for institutions, enabling secure, compliant multi-party access [1]

🔐 Crypto custody needs a rethinkAnalysing 84 notable blockchain security incidents from 2012–2025, so you don’t have to. At @xrplapex, Yimika Erinle presented new research from the UK Centre for Blockchain Technologies and @Exponential_Sci.Highlights:📌 $7B lost to notable wallet attacks, this is why wallet design matters📌 A new 8-axes framework to classify and evaluate all wallet designs📌 Survey of 33 vulnerabilities across hardware, software, custodial & non-custodial solutions📌 A novel shared custodial wa ...

RT Exponential Science (@Exponential_Sci)🔐 Crypto custody needs a rethinkAnalysing 84 notable blockchain security incidents from 2012–2025, so you don’t have to. At @xrplapex, Yimika Erinle presented new research from Exponential Science and the @UKCBT_org.Highlights:- $7B lost to notable wallet attacks, this is why wallet design matters- A new 8-axes framework to classify and evaluate all wallet designs- Survey of 33 vulnerabilities across hardware, software, custodial & non-custodial solutions- A novel sh ...