Galaxy Digital Applies for National Trust Bank Charter via OCC
Galaxy Digital Inc. (Nasdaq: GLXY) has officially submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank. The proposed national trust bank, which would be headquartered in New York, aims to bring the company's digital asset custody, trading, and staking services under a single federal regulatory framework. If approved, the charter will allow Galaxy to provide fiduciary investment advisory services alongside its existing suite of digital asset products across the United States. This move follows recent regulatory milestones, including the acquisition of a BitLicense from the New York State Department of Financial Services, as the company seeks to institutionalize digital asset infrastructure.
Tickers: $GLXY
Topics: Banking License Application Digital Assets Federal Oversight OCC