Reports Forbes: “OCC trust bank charters for Circle, Ripple, Paxos, BitGo and Fidelity Digital Assets are one of the clearest signals yet that crypto is moving from the regulatory perimeter into the core of the U.S. banking system. For banks, it is arguably the biggest institutional crypto signal of 2025—just as spot bitcoin ETFs were for broker‑dealers—because it formalizes a supervised path to stablecoin, custody and tokenization businesses rather than leaving them in legal gray zones.”
All five entities hold or held a New York State Department of Financial Services Services NYDFS BitLicense or Limited Purpose Trust Charter. Some will be converting their DFS license to the federal charter permanently.
The OCC press release is here.