Crypto platform Anchorage Digital was the first digital assets firm to receive an OCC charter back in 2021. BlackRock currently manages USDC reserves, which are held by BNY.
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Stablecoin Giant Circle Wants to Be Its Own Bank, Applies for National Trust License
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USDC reserves are currently managed by BlackRock and held by BNY, but Circle’s charter application would allow it to act as custodian of its own reserves instead of institutional clients
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Anchorage Digital became the first digital-assets firm to receive an Office of the Comptroller of the Currency (OCC) charter in 2021, pioneering the regulatory pathway for crypto companies
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