FTX US applies for trust charter in New York

FTX US applies for trust charter in New York


Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. 

In a Wednesday announcement, FTX US said it had applied to form a limited purpose trust company with New York’s financial services regulator in an effort to offer its products and services to local users. Pending regulatory review and approval, the licensed trust will be run by Fidelity Investments veteran Marissa MacDonald, who will assume the role of chief compliance officer.

.@FTX_Official is excited to announce that Marissa MacDonald is joining us as CCO of FTX Trust Company, our to-be-established New York State trust company! https://t.co/dvdFze7oVI

— Brett Harrison (@Brett_FTXUS) May 11, 2022

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Crypto firms seeking to operate in New York state have different

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