More Bank Charters, More Clarity

The OCC has granted conditional approval for five national trust bank (NTB) charters for institutions that will focus on innovative digital asset products and services. The approvals come at the end of the first year of the second Trump administration, as a wave of applicants seek the NTB charter for its federal preemption benefits and broad powers, and in anticipation of future GENIUS Act compliance. We expect OCC approvals for NTBs to continue and more applicants to pursue the strategy….
By: Davis Wright Tremaine LLP