ZeroHash, a company working with cryptocurrencies, stablecoins, and tokenized assets, has applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC). The document has been published on the regulator’s website and is currently under review.
If approved, the company would be able to operate as a national trust bank under federal supervision. This would allow ZeroHash to expand its services for institutional clients.
OCC license and ZeroHash plans
The application complements the company’s existing licensing framework. ZeroHash has operated in the digital asset infrastructure market since 2017 and has already obtained licenses in several jurisdictions.
The company provides a technological platform that allows financial services to integrate cryptocurrencies and stablecoins. Its partners include Morgan Stanley, Interactive Brokers, Stripe, and Franklin Templeton.
ZeroHash believes that obtaining a banking license will allow it to expand its range of products for clients while operating under federal regulation.
“Stablecoins and digital assets are increasingly becoming part of the core financial system,” said Stephen Gardner, chief legal officer and head of compliance at ZeroHash. “Our partners choose zerohash because we offer trusted, secure, and regulatorily compliant infrastructure. Applying for a National Trust Bank Charter is a natural next step in offering robust global licensing coverage and continuing to expand our product offering. zerohash looks forward to continuing to engage constructively with OCC staff throughout the review process and appreciates their consideration of the application.”
If approved, the license would allow the company to develop additional services related to stablecoins and tokenized assets.
Crypto companies seek banking licenses
ZeroHash is not the only crypto company seeking banking status in the United States.
In February 2026, Crypto.com received conditional approval from the OCC. Earlier, similar approvals were granted to Ripple, Circle, Paxos, and Fidelity. BitGo received a full national trust bank license in December 2025.
In addition, in January 2026, a subsidiary of World Liberty Financial applied to establish World Liberty Trust Company, National Association.
Why crypto companies want banking status
A national trust bank charter allows companies to operate under federal regulation and provide digital asset custody services for institutional clients. This status also simplifies cooperation with banks and regulated financial institutions.
Interest in such licenses has grown amid discussions of new U.S. regulations for stablecoins and digital assets, including initiatives related to the GENIUS Act, which is expected to define requirements for issuing and backing stablecoins.
For infrastructure companies like ZeroHash, a federal license would open access to new services and expand cooperation with major financial institutions.
Read also: CFTC adds national trust banks to eligible stablecoin issuers
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