Crypto infrastructure provider Zerohash has resubmitted its application for a national trust bank charter to the U.S. Office of the Comptroller of the Currency, or OCC, marking its second attempt after the agency returned its filing in July. The OCC had sent back the original application on July 17, citing insufficient materials. Zerohash said the return was part of an administrative process that allowed the company to refile this month, and said the move was coordinated with the OCC rather than being a judgment on the substance of the application. The company also said the return does not affect its current operations. According to Zerohash, its first filing covered a broad set of digital asset and fiduciary services. It has now chosen a phased approach, narrowing the focus to national trust business that better fits its planned launch timeline. Headquartered in Chicago, Zerohash provides crypto operational infrastructure for institutional clients including Morgan Stanley's E*Trade, BlackRock, Franklin Templeton, Stripe, Interactive Brokers, and DraftKings. The company already holds a state trust bank charter.
Zerohash has resubmitted its application for a national trust bank charter to the U.S. Office of the Comptroller of the Currency, or OCC, in a second attempt after its earlier filing was returned in July.
July filing was returned over insufficient materials
The OCC returned Zerohash's application on July 17, saying the filing contained "insufficient materials."
Zerohash said the return was part of an administrative process that allowed it to apply again this month. The company said the step was taken in coordination with the OCC, was not a ruling on the substance of the application, and does not affect its existing operations.
Company shifts to a phased filing plan
Zerohash said its initial application covered a "broad" range of digital asset and fiduciary services. It then chose a "phased" approach, focusing on national trust business that is "more aligned with the established go-live timeline."
Existing business and licensing status
Chicago-based Zerohash is a crypto infrastructure platform that provides backend operational support for crypto services used by institutions including Morgan Stanley's E*Trade, BlackRock, Franklin Templeton, Stripe, Interactive Brokers, and DraftKings.
The company already holds a state trust bank charter.
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