Search Results for "Fidelity Digital Assets"
3 results for "Fidelity Digital Assets"
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EDX Markets Applies to OCC for National Trust Bank Charter
EDX Markets Holding Company, backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, and others, filed an application with the OCC for a de novo national trust bank charter for EDX Trust, National Association. The proposed Chicago-based trust bank would provide digital asset custody, asset management, and settlement services exclusively for institutional clients. The application was made public on April 1, 2026.
OCC Finalizes Rule Clarifying Digital Asset Custody for National Trust Banks
The OCC finalized a rule on February 27, 2026, clarifying permissible non-fiduciary activities for national trust banks, including digital asset custody. The rule does not impose moratoriums and supports ongoing fintech and crypto charter applications. This provides greater regulatory clarity for BaaS and embedded finance providers leveraging trust bank structures.
OCC Conditionally Approves Five National Trust Bank Charters for Digital Asset Firms
The OCC conditionally approved five national trust bank charter applications from major fintech and digital asset firms including Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. The approvals include two de novo charters and three state-to-national conversions. All five plan to focus on digital asset custody, with four also intending to issue stablecoins. This marks the first such approvals since 2021, signaling significant regulatory openness to crypto-native firms entering the banking system.