Ramp applies for a national trust bank charter with the OCC

The New York fintech wants to launch Ramp National Trust Bank, focused on fiduciary investment management and digital asset custody Ramp has applied to the Office of the Comptroller of the Currency for a charter to create a new entity called Ramp National Trust Bank. The New York-based fintech, valued at $60 billion in its latest funding round, now joins a growing line of companies asking federal regulators for a seat at the trust bank table. According to the research findings, the proposed bank would focus on fiduciary investment management and custody services for digital assets.

Also reported by The Defiant.

Source: Crypto Briefing