Key facts
- Modern Treasury has applied to establish a US national trust bank.
- The proposed bank would offer digital asset custody and related fiat services.
- The application was submitted to the Office of the Comptroller of the Currency (OCC).
- The bank would operate as a federally regulated, limited-purpose national trust bank.
- Modern Treasury CEO Matt Marcus believes stablecoins are foundational economic infrastructure.
Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services. The company submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, which would operate as a federally regulated, limited-purpose national trust bank.