Embedded finance news: OCC
Modern Treasury applies for a national trust bank charter
Modern Treasury files with the OCC for a limited-purpose trust bank to custody stablecoins and fiat. Rain files too.
National trust bank charter lawsuit: ICBA sues the OCC
ICBA asked a federal court on October 2 to void the OCC rule behind crypto trust charters and Protego's approval.
Agora National Trust Bank gets OCC conditional approval for AUSD
Agora National Trust Bank wins OCC preliminary conditional approval to issue AUSD onshore for institutions.
OCC grants conditional charters to Revolut and OpenReserve
Revolut serves U.S. customers through partner banks today; OpenReserve plans a banking-as-a-service platform.
World Liberty Trust wins OCC conditional approval to issue USD1
The OCC conditionally approved World Liberty Trust Company to issue USD1, with capital and liquidity floors.
OCC denies Wise's national trust bank charter
The OCC denied Wise's trust bank charter over its AML/CFT program; Wise says it will file again.
Circle gets final OCC approval for its national trust bank
The OCC granted final approval for Circle National Trust; custody starts with Circle and its affiliates.