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Oct 29, 2026

Galaxy Digital applies for US national trust bank charter

Galaxy Digital filed an application with the Office of the Comptroller of the Currency for a national trust bank charter, seeking regulated custody capabilities four years after abandoning its BitGo acquisition.

Oct 29, 2026·2 sources

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Top claims

▪Galaxy Digital LP submitted an application on October 29, 2026 to the Office of the Comptroller of the Currency to establish Galaxy National Bank as a national trust bank headquartered in New York
▪Approval from the Office of the Comptroller of the Currency would allow Galaxy Digital LP to hold and manage client digital assets and act as a qualified custodian under federal supervision
▪Galaxy Digital terminated its acquisition agreement with BitGo on August 15, 2022, citing BitGo's failure to deliver audited 2021 financial statements by a July 31 deadline

Topics

Crypto regulation Institutional crypto adoption National trust bank charter Commodity Futures Trading Commission Crypto bank charters Crypto custody

Related entities

United States New York