None of the chartered applicants have received a certificate of authority to operate yet, however.
Paxos earns a provisional trust charter through the U.S. Office of the Comptroller of the Currency.
An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.
New regulation proposed by the US OCC could give bitcoin exchanges and other fintech companies the ability to apply for a new charter.