Galaxy Digital files an application with the Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank, a US national trust bank.
43 minutes ago
Digital asset and data center firm Galaxy Digital announced that its subsidiary Galaxy Digital LP has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank, a national trust bank based in New York. If approved, the bank will operate under OCC oversight, providing digital asset custody, trading, staking, and fiduciary investment advisory services to clients nationwide. Galaxy founder and CEO Mike Novogratz noted that a national trust charter will help bring more business operations under a unified federal regulatory framework and expand customer services. The company added it currently holds over 50 licenses and regulatory approvals in the U.S., Europe, and Asia, including an SEC-registered broker, CFTC-registered swap dealer, and the recently approved New York State BitLicense and money transmitter license. The application remains pending OCC review.
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