The company will continue to operate as a payments firm while the OCC reviews the application. Modern Treasury stated it must now demonstrate that it meets the regulatory standards required to obtain a national bank charter.
Wednesday, October 21, 2026
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Modern Treasury Files for National Trust Bank Charter for Digital Asset Custody
Business16 days ago
The payments company has requested a federal license from the Office of the Comptroller of the Currency to oversee a new banking entity. Modern Treasury has applied for a charter to establish Modern Treasury National Trust Bank, which would provide federally supervised custody for digital assets and related fiat services if the regulator approves the request.
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