The OCC has given national banks the go-ahead to buy, sell, and custody digital assets for customers, effective immediately.
In a Wednesday letter, the regulator confirmed that banks can even delegate services like trading and storage to external providers—as long as risks are managed.
This follows March’s reversal of a 2021 rule that forced banks to seek approval before handling crypto.
Now, institutions can seamlessly offer trading, tax support, and more, with the OCC explicitly permitting sub-custodians (if properly vetted). Could this mean smoother crypto onboarding for traditional investors?
