By Michael Adeleke Key highlights: Rain filed an application on Monday to set up Rain National Trust Bank in New York. The bank would offer custody, stablecoin reserve management and issuance for institutional clients. The filing came days after a community bank group sued the OCC. Rain, a company that provides payments tools for stablecoins, […]
Tag: OCC
By Michael Adeleke Key highlights: The Independent Community Bankers of America (ICBA) filed suit against the OCC. The group said Congress did not give the OCC power to grant national trust charters to crypto firms. It wants the court to cancel a conditional charter given to Protego Holdings. A trade group for small US banks […]
By Hassan Shittu Key highlights: Deutsche Bank plans to launch institutional crypto custody by end-2026, initially supporting Bitcoin, Ether, USDC, EURC, and EURAU The bank chose custody over trading as its entry point, partnering with Taurus for infrastructure, with a roadmap extending to tokenized securities alongside crypto assets Regulatory tailwinds are enabling the move: MiCA […]