Bridge Receives OCC Approval for Federal Trust Bank Charter Application

The Office of the Comptroller of the Currency approved Bridge's bid for a federal trust bank charter. The order sets a $45 million minimum capital requirement and mandates that Bridge complete preopening checks before the bank can open. Bridge has not yet begun operating as a bank.

The charter approval and stablecoin issuer status are separate matters. Bridge would still need issuer authorization under the GENIUS Act; OCC approval for a trust bank does not provide that. Both the capital threshold and preopening conditions remain outstanding steps on the path from approval to operation.