- Payments infrastructure company Modern Treasury has applied to the Office of the Comptroller of the Currency (OCC) to establish a federally regulated, limited-purpose national trust bank.
- The proposed bank, Modern Treasury National Trust Bank, would allow customers to custody and move stablecoins and fiat through an integrated service.
- The bank would not issue stablecoins or make loans, focusing solely on digital asset custody and related fiat services.
The payments infrastructure company Modern Treasury announced on Monday that it has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank. This entity would operate as a federally regulated, limited-purpose national trust bank, enabling digital asset custody and related fiat services.
- Advertisement -
If approved, the bank would allow Modern Treasury customers to custody and move stablecoins and fiat through a single integrated service. However, the bank would not issue stablecoins or extend loans, limiting its role to custody and settlement functions.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
