Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC

Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC


The cryptocurrency and banking worlds continue to draw closer together with digital asset custodian Anchorage seeking a national charter from the U.S. Office of the Comptroller of the Currency.

The startup’s trust company unit, based in South Dakota, has applied to the OCC to convert to a national bank, according to a notice dated Nov. 9 and posted to the federal regulator’s website.

The notice contains little else in the way of detail, except that Anchorage is represented by Dana Syracuse of the law firm Perkins Coie. Syracuse is a former general counsel of the New York Department of Financial Services and helped that agency draft its landmark BitLicense regulation.

This year Kraken, a crypto exchange, became the first such business to obtain a U.S. banking license, albeit a special-purpose one from Wyoming (the same kind obtained by digital asset startup Avanti). If its application is approved, Anchorage would be the first crypto company to

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend