Nu Gets Conditional Approval to Launch U.S. National Bank

Published at 2026-02-01 10:30:09

Nu, the Latin America–focused neobank, has secured conditional approval to launch a U.S. national bank under the name Nubank N.A., marking a significant regulatory milestone for the company. Serving more than 127 million customers across the region, Nu says the next major challenge is proving that a digital-first model can define the future of financial services in a new, highly competitive market.

The conditional OK gives Nu a route to take U.S. deposits and expand product offerings, but the firm must still satisfy outstanding regulatory conditions before full operations begin. Industry watchers will be focused on execution: how quickly Nubank N.A. meets requirements, scales distribution, and translates its Latin American scale into U.S. customer traction against incumbents and other digital challengers.

BankingRegulationUnited StatesNubankNeobanks

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PoliticsNational SecurityUAECryptoInvestigationRegulation

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CryptoETFRegulationSECMarket

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StablecoinsHong KongFintechRegulationCryptocurrency

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CFTCRegulationMarket StructureSECProject Crypto

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