A leading stablecoin issuer has received federal approval to launch a trust bank dedicated to digital asset custody services.
Internet circle group He says It has received final approval from the US Office of the Comptroller of the Currency to establish First National Digital Currency Bank, NA, operating under the name Circle National Trust.
The new institution will provide institutional custody of USDC and other digital assets under full federal oversight.
Circle Chairman and CEO Jeremy Allaire says this milestone strengthens Circle’s regulated infrastructure and places the bank under the direct oversight of the OCC.
“The OCC’s approval of the Circle National Trust represents a critical step in bringing blockchain technology and digital assets to the heart of the American financial system.
Federal oversight of our trust bank sets a new standard for the transparency, governance, and scale of Circle’s infrastructure and opens a new phase of adoption, where leading financial institutions can build on public blockchains with clarity and trust.
The approval follows a conditional approval in December 2025 following an application in June 2025.
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