Modern Treasury seeks US trust bank charter to offer stablecoin custody
Payments infrastructure company Modern Treasury is seeking a US limited-purpose national trust bank charter, according to Cointelegraph. Federal approval, if granted, would allow the company to offer stablecoin custody and related fiat services. The application remains a request and has not been approved.
Payments infrastructure company Modern Treasury is seeking a US limited-purpose national trust bank charter, according to Cointelegraph. Federal approval, if granted, would allow the company to offer stablecoin custody and related fiat services. The application remains a request and has not been approved.
Key facts
- Modern Treasury is seeking a US limited-purpose national trust bank charter, per Cointelegraph.
- Federal approval would let Modern Treasury offer stablecoin custody and related fiat services.
- Modern Treasury is a payments infrastructure company.
- The charter application has not been approved and remains a request.
Sources · 3 sources
- CB
Crypto Briefing@Crypto_BriefingPost on X ·
🏦 NEW: Modern Treasury has applied to the OCC to establish a national trust bank offering federally supervised digital asset custody and fiat services. https://t.co/QWU6Z8Jr2g
Open source - CB
Crypto BriefingArticle ·
Modern Treasury applies for national trust bank for stablecoin and fiat custody Modern Treasury's move could streamline digital and fiat currency management, enhancing trust and regulatory compliance in digital finance. The post Modern Treasury applies for national trust bank for stablecoin and fiat custody appeared first on Crypto Briefing .
Open source - CT
Coin TelegraphArticle ·
Modern Treasury seeks US trust bank charter for digital asset custody The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank.
Open source