Summary: Anchorage, a digital asset platform announced today that The Office of the Comptroller of the Currency (OCC) has conditionally approved it to obtain a National Trust Charter, making it the first federally chartered bank in the crypto industry. Diogo Mónica, Anchorage's president said in an interview: "We are a national bank. The only difference is ...

Anchorage, a digital asset platform announced today that The Office of the Comptroller of the Currency (OCC) has conditionally approved it to obtain a National Trust Charter, making it the first federally chartered bank in the crypto industry.

Diogo Mónica, Anchorage's president said in an interview: "We are a national bank. The only difference is our business line, that we’re doing crypto assets versus doing other assets", "The benefit of having a federally chartered bank is that it preempts all the state laws. The clarity of being regulated by the oldest regulator for banks in the United States...sends a very clear message."

Anchorage first applied for the license to the OCC in November last year, and cryptocurrency startups BitPay and Paxos also submitted the same application.

By Mary Liu