OCC
Zerohash applies for OCC national trust bank charter amid surge in crypto applications
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Chicago-based crypto infrastructure provider Zerohash filed for a national trust bank charter from the Office of the Comptroller of the Currency on March 4, 2026, becoming the eleventh company to do so in 83 days. The move, amid a wave of similar applications from firms like Circle, Ripple, and Coinbase, aims to enable nationwide custody of digital assets, fiat, staking, and stablecoin services, bypassing state licenses.
Crypto infrastructure provider Zerohash filed an application on March 4, 2026, for a national trust bank charter from the Office of the Comptroller of the Currency (OCC), mirroring Morgan Stanley's February filing for its Morgan Stanley Digital Trust subsidiary. The move bolsters partnerships for institutional crypto services amid a surge in similar applications from crypto firms.
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Following the OCC's December 2025 conditional approvals for national trust bank charters to crypto firms like Ripple and Circle—which drew sharp criticism—some of the largest US banks are now weighing legal action against the regulator for further easing rules on crypto and fintech charters. The Bank Policy Institute argues the changes could endanger consumers and the financial system amid the Trump administration's push to integrate cryptocurrencies into mainstream finance.
Following reports of JPMorgan exploring crypto trading for institutional clients amid favorable OCC guidance, analysts predict it will legitimize digital assets and funnel liquidity to rivals like Coinbase and Bullish—though competition may squeeze fees.
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The Office of the Comptroller of the Currency has issued guidance permitting national banks to act as intermediaries in low-risk cryptocurrency trades. Interpretive Letter 1188 confirms that such riskless principal transactions fit within the business of banking. This move aligns with recent regulatory efforts to integrate digital assets into traditional finance.