ZeroHash Seeks Trust Bank Status to Expand Crypto Services

ZeroHash, a company that builds tools for stablecoins, has filed with the Office of the Comptroller of the Currency to become a national trust bank. This type of charter lets it offer special digital‑asset services without running a traditional retail banking business. The firm wants to provide custody for crypto and fiat, manage staking and validation, act as a transfer agent, execute trades, handle stablecoin operations, and offer settlement, clearing and escrow. It is not looking to open deposit accounts or give FDIC insurance.Earlier this year, a deal with Mastercard fell through, and the company later raised $250 million at a valuation of $1. 5 billion. Now it is joining a growing list of crypto‑focused entities seeking banking licenses, such as Morgan Stanley Digital Trust and World Liberty Trust Company. In December the OCC approved charters for Circle, Ripple, Paxos, Fidelity and BitGo. ZeroHash’s approval timeline remains unclear. Across the Atlantic, Revolut has applied for a full U. S. bank charter to offer checking and savings accounts. The company says the United States is central to its global expansion plan.