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EDX Markets pursues OCC trust charter to separate custody from trading and expand regulated crypto services

EDX Markets has applied to the OCC for a national trust bank charter to expand regulated custody and trading services [1].

Apr 1, 20267:28 PMNewsroom AI

EDX Markets, a cryptocurrency exchange backed by Citadel, has applied to the Office of the Comptroller of the Currency for a national trust bank charter, seeking to offer custody and trading services, according to reporting and the company's filing [1] [2] [3].

The proposed trust charter would permit EDX to provide regulated custody, asset-management and principal trading services; the exchange says it plans to separate custody and settlement functions from its trading operations and that the charter would help serve institutional clients [4] [1].

The filing follows a wave of crypto firms seeking bank-style charters — including conditional trust charter approvals for Circle and Ripple in December — and reflects a broader push by crypto companies to expand into regulated banking services [4] [1].

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Citations

Follow the primary reporting behind this analysis. Click a citation to open the referenced source in a new tab.

  1. 1
    Citadel-backed EDX applies for OCC trust bank charter to expand crypto services
    Crypto Briefing• Apr 1, 2026
  2. 2
    Citadel Securities-Backed Crypto Exchange Applies for National Trust Bank Charter
    Bankless News, Research and Analysis• Apr 1, 2026
  3. 3
    Citadel-Backed EDX Markets Applies for US Trust Bank Charter to Expand Crypto Services
    Bitcoin Magazine• Apr 1, 2026
  4. 4
    Citadel-Backed EDX Applies for National Bank Charter
    Blockonomi• Apr 1, 2026

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●BitcoinTheme●AltcoinsTheme●Regulation/PolicyTheme●Exchanges/CustodyTheme●EthereumTheme
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