OCC Confirms US Banks Can Offer Crypto Custody Services to Customers

Description

The OCC has confirmed that U.S. banks can legally offer crypto custody and trading services to customers, including through third-party providers, under regulated conditions.

Publish date

May 8, 2025

Publisher

BeInCrypto

Web URL

https://beincrypto.com/occ-approves-bank-crypto-custody-trading-services

Referenced by

According to the latest announcement, US banks may offer related services, including asset settlement, trade execution, recordkeeping, valuation, and tax reporting. These activities must follow applicable laws and customer agreements.

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Overall, the OCC’s announcement gives banks a clear legal basis to offer digital asset services within a regulated framework.

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The US Office of the Comptroller of the Currency (OCC) has confirmed that banks can provide crypto custody and execution services for customers.

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