EDX, supported by Charles Schwab, Citadel, and Fidelity, applies for a U.S. trust bank license

MeNews · 2026-04-01T21:44:32+00:00

The cryptocurrency trading platform EDX Markets has applied to the U.S. Office of the Comptroller of the Currency for a national Trust bank license, planning to offer digital asset custody, asset management, and trading settlement services. The goal is to enhance services for institutional clients and gain a competitive market advantage. This application reflects the crypto industry's accelerated move toward integration with a regulated financial system.

MeNews

2026-04-01 21:44:32

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ME News update, April 2 (UTC+8): The crypto trading platform EDX Markets, supported by Charles Schwab, Citadel Securities, and Fidelity, has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The charter will allow EDX to provide services such as digital asset custody, asset management, and trade settlement, but it does not include traditional banking businesses such as accepting deposits or making loans. EDX said that obtaining the charter will help it better serve institutional clients and gain a competitive edge amid the institutionalization wave in the crypto industry. Recently, several crypto companies—including Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets—have also been applying for similar charters, indicating that the industry is accelerating its shift toward a regulated financial system. (Source: ODAILY)

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