Mike Novogratz’s Galaxy Digital Applies for US National Trust Bank Charter with OCC

HIGHLIGHTS Galaxy Digital subsidiary applies for a US national trust bank charter with the OCC. Mike Novogratz’s Galaxy Digital plans to offer custody, trading, staking and other services nationwide. OCC has conditionally approved numerous bank charters for crypto firms. Mike Novogratz’s Galaxy Digital on Thursday said its subsidiary has applied to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The firm follows other crypto-focused firms that have received conditional or full approval for national trust bank charters.