Bank Charter
Morgan Stanley applies for national bank charter for crypto custody
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Morgan Stanley has filed for a national trust bank charter with the Office of the Comptroller of the Currency to provide cryptocurrency custody services to institutional clients. The application, submitted on February 18, aims to position the Wall Street giant as a direct competitor to crypto-native custodians. This move reflects a broader trend of traditional banks expanding into digital assets amid a more favorable regulatory environment.
Singapore-based Crypto.com has secured conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter, announced on February 25, 2026. The firm, which applied in October 2025, joins a wave of cryptocurrency companies pursuing federal oversight for digital asset services like custody and staking.