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Paxos, Fidelity, Ripple, BitGo, and Circle Secure US Trust Bank Approvals

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved five national bank charter applications from firms tied to digital assets. BitGo, Fidelity and Paxos will convert their state‑level trust companies into federally chartered national trust banks, while Circle and Ripple received new applications for similar charters. The OCC highlighted that new entrants enhance consumer choice, the banking sector, and the broader economy. These approvals mark a significant regulatory step toward integrating crypto‑related services into the traditional banking system.