Fold Expands Nationwide After BitGo Bank & Trust Wins OCC Charter
Fold announced nationwide consumer access to bitcoin across the U.S. under a single federally supervised trust structure, made possible through a partnership that leverages BitGo Bank & Trust’s recently granted Office of the Comptroller of the Currency (OCC) charter. The arrangement places custody and regulatory supervision under a federal framework, allowing Fold to offer bitcoin services to customers without navigating separate state trust setups.
The development matters because federal oversight can reduce licensing complexity and provide a clearer compliance path for crypto services, potentially accelerating product rollouts and consumer adoption. For users, the setup promises more consistent custody standards and regulatory transparency; for the industry, it may serve as a model for other firms seeking scalable, nationwide offerings under trusted banking charters.