Browsing: Trust

Key insight: The new rule from the Office of the Comptroller of the Currency codifies the Trump administration’s stance that “trust operations and activities related thereto,”…

Key insight: Morgan Stanley’s application for a national trust charter for a proposed subsidiary is in support of the investment bank’s bid to partner with Zerohash…

Key insight: Crypto.com’s parent company Foris DAX received conditional approval from the OCC to operate a national trust bank for cryptocurrency.Expert quote: Pitchbook analyst Rudy Yang…

Another trust charter has been granted to a stablecoin issuer in the midst of back-and-forth between regulators and trade groups over the subject and continued volatility…

Key insight: Signature Bank in Rosemont, Illinois, had tracked an increase in trust-related queries from customers prior to launching Signature Trust last week. Supporting data: Some banks,…

Key insight: The Office of the Comptroller of the Currency’s interpretation that national trust banks can perform non-fiduciary custody has invited scrutiny from banks and legal…

Key insight: With a proposed rule, OCC is codifying non-fiduciary trust bank activities.Processing ContentSupporting data: Trusts hold $2 trillion in custody assets already.Forward look: The proposal…

Key insight: The OCC’s conditional approval of five crypto-focused national trust bank charters has spawned a debate over whether digital-asset custody and stablecoin-related activities fit within…

Key insight: The Office of the Comptroller of the Currency approved national trust charter applications for First National Digital Currency Bank, Ripple National Trust Bank, BitGo…

Key insight: Comptroller of the Currency Jonathan Gould says national trust banks have always been allowed to perform certain non-fiduciary functions and that custodying digital assets…