Crypto Banking
Fold has secured nationwide U.S. consumer access to bitcoin under a single federally supervised trust structure, enabled by a partnership that leverages BitGo Bank & Trust’s new OCC charter. The move streamlines oversight and could simplify compliance across states.
The OCC has granted conditional approvals allowing Paxos, Fidelity, Ripple, BitGo and Circle to operate as national trust banks under federal oversight. The move could bolster custody, stablecoin and settlement services as each firm completes OCC conditions.
Xapo Bank has launched the BTC Credit Fund, a Bitcoin-denominated, low-risk investment vehicle backed by institutional-grade lending. The product targets investors seeking secured BTC exposure with credit-style returns.
At DC Fintech Week 2025, Ripple CEO Brad Garlinghouse urged that crypto firms receive the same regulatory access to Federal Reserve master accounts as traditional banks. He highlighted the obstacles posed by Wall Street bankers and emphasized the benefits of enhanced oversight and stability in crypto.
Erebor Bank receives a conditional federal charter approval from the OCC, marking the first new bank under Jonathan Gould's leadership. The bank aims to serve tech companies and crypto users, reflecting regulatory openness towards digital assets.