Zerohash joins the National Trust Bank card race with its latest order

Blockchain infrastructure provider Zerohash has applied for a national trust bank card from the Office of the Comptroller of the Currency (OCC), joining a growing list of cryptocurrency companies seeking a federal license.

Stephen Gardner, director of legal and compliance at ZeroHash, noted that the license request was a logical development for the company.

Why is it important:

• The bank’s national trust card allows the institution to operate as a national trust bank.
• This enables credit activities, asset custody and settlement services. However, institutions with this license cannot take deposits or issue loans, and are not covered by FDIC insurance.
• The increase in OCC approvals for cryptocurrency companies indicates a structural shift toward a federally regulated digital asset infrastructure.

the details:

• if Approved Therefore, the card will allow ZeroHash to expand the scope of its services in a federal framework.
• Several digital asset companies have taken similar steps, some of which have already received conditional approval.
• Crypto.com won Upon conditional approval by the OCC At the end of February. I have had Ripple, Circle, Paxos and Fidelity Similar approvals In 2025.
• In addition, BitGo received full approval from the OCC in December 2025.
• Provided subsidiary company For World Liberty Financial It is requested in January 2026 to establish the World Liberty Trust, the National Assembly.

The big picture:

• She replied Banking groups Traditionally, the OCC has issued trust documents to digital currency companies.
• The American Bankers Association raises concerns that the expansion of the fund card, especially to entities that are not engaged in traditional credit activities, could blur the boundaries of what it means to be a bank and open the door to potential regulatory arbitrage.