Galaxy Digital is seeking a national trust charter from the OCC, according to CEO Mike Novogratz. The move would allow the company to provide digital asset custody, trading, staking and fiduciary investment advisory services under a single federal regime.
This matters for banks and financial firms as it could set a precedent for how digital asset services are regulated at the federal level. Senior leaders should monitor OCC actions, as any approval could affect competitive positioning and regulatory expectations for digital asset operations.
