TREE NEWS reports: Crypto infrastructure firm Zerohash has submitted a second application for a trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). This move underscores the growing trend of crypto firms seeking traditional banking status to offer regulated custody and trust services.
Zerohash Reapplies for OCC Trust Bank License
The reapplied OCC charter signals persistence in a regulatory path that remains uncertain but increasingly crowded. For Zerohash, securing a national trust license would bridge crypto custody into the federally chartered banking framework, a distinction that matters for institutional counterparties seeking clearer oversight. This is less about the application itself and more about the broader signal: crypto infrastructure firms are betting that regulated banking status, not novel charters, will define the next phase of custody competition. Whether the OCC engages constructively this time, or continues to defer under political pressure, is the key variable shaping how many peers follow suit.
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