OCC clarified that banks can engage third-party providers to perform crypto custody and execution services, thereby enabling institutions to leverage external expertise while maintaining regulatory obligations

Event date

May 7, 2025

Quotes that support claims

Banks may work with sub-custodians to store and manage crypto assets. However, they must apply strong risk management when doing so.

The newly explained policy stance released by the OCC on Wednesday also clarified that the bankers can outsource crypto activities to third parties, including custody and executive services. As long as it all still checks the boxes of the watchdog's safety-and-soundness requirements, the OCC is giving the banks more crypto freedom.

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Week 19 of 2025