US-based stablecoin infrastructure agency ZeroHash has filed an software for a national trust bank charter with the Workplace of the Comptroller of the Forex (OCC), an impartial bureau of the US Treasury Division.
The applying is for ZeroHash National Trust Bank, a construction that may not contain retail banking, lending, deposit accounts, or FDIC insurance coverage on shopper funds.
In accordance with its software, ZeroHash is looking for to supply a variety of specialized digital asset providers, together with custody of digital belongings, fiat forex, and different belongings, custodial staking and validation actions, switch agent providers, commerce execution, stablecoin administration, and settlement, clearing, and escrow providers. No timeline has been indicated for when the OCC might determine on the appliance.
OCC digital asset licensing exercise
ZeroHash’s software comes because the OCC’s pipeline of digital asset licensing requests has grown significantly. In December 2025, the OCC permitted banking charters for Circle, Ripple, Paxos, Constancy, and BitGo. Present purposes additionally embrace Morgan Stanley Digital Trust and World Liberty Trust Firm.
The enlargement of OCC licensing exercise displays a broader shift within the regulatory posture in the direction of digital asset companies looking for entry to the US banking system, with a rising variety of crypto-focused firms pursuing formal banking buildings reasonably than working solely underneath state-level cash transmission licences.
ZeroHash background
In January 2026, ZeroHash raised USD 250 million at a valuation of USD 1.5 billion. The corporate had beforehand been reported as a possible acquisition goal for Mastercard, although that deal didn’t proceed.
ZeroHash’s software follows Revolut’s separate submitting for a US national bank charter, additionally with the OCC. In contrast to ZeroHash’s trust bank software, Revolut is looking for to function as a full-service bank providing checking and financial savings accounts to US prospects. Revolut has additionally indicated an curiosity in providing crypto providers, and was chosen final month to take part within the UK’s regulatory sandbox to check stablecoins, forward of the discharge of ultimate UK stablecoin guidelines anticipated later in 2026.
The parallel purposes from companies with distinct enterprise fashions, trust-focused digital asset infrastructure on one aspect and full-service retail banking on the opposite, illustrate the vary of approaches being pursued as crypto and fintech firms search regulated entry to the US monetary system.
