Galaxy

Mike

America

Bank

<p><a href="https://x.com/galaxyhq" rel="noopener noreferrer nofollow">@galaxyhq</a> (<a href="https://x.com/search?q=%24GLXY&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$GLXY</a>) has applied to the US Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank, a proposed national trust bank headquartered in New York. <a href="https://www.streetinsider.com/Corporate+News/Galaxy+Digital+applies+for+national+trust+bank+charter+with+OCC/27252515.html" rel="noopener noreferrer nofollow">According to the company's announcement</a>, the application was submitted by its subsidiary, Galaxy Digital LP.</p>
<p>If approved, the bank would operate as a federally regulated trust institution under OCC supervision. It would provide custody, trading and staking services for digital assets, along with fiduciary investment advisory services, and would serve clients nationwide under a single federal framework.</p>
<h2 id="what-a-trust-bank-charter-means-for-galaxy">What a Trust Bank Charter Means for Galaxy</h2>
<p>Trust banks hold and manage assets for clients but do not take deposits or make loans. For Galaxy, a national charter would let the firm bring more of its services under one federal regulator rather than managing state-by-state requirements.</p>
<p>Founder and CEO Mike Novogratz described the charter as <a href="https://www.bankingdive.com/news/galaxy-digital-applies-occ-national-trust-bank-charter/873209/" rel="noopener noreferrer nofollow">an important next step</a> in bringing more services under a single federal framework as adoption accelerates, according to Banking Dive. The application remains subject to OCC approval. Mugglehead reported that the company's release <a href="https://mugglehead.com/galaxy-digital-occ-national-trust-bank-charter-application/" rel="noopener noreferrer nofollow">gives no projected bank revenue, capital commitment or opening date</a>.</p>
<p>The filing follows a recent state-level approval. In May, the New York State Department of Financial Services granted GalaxyOne Prime NY a BitLicense and Money Transmission License, <a href="https://www.coindesk.com/business/2026/05/18/mike-novogratz-s-galaxy-receives-new-york-bitlicense-for-institutional-crypto-push" rel="noopener noreferrer nofollow">according to CoinDesk</a>. Galaxy said that approval added to a footprint of more than 50 licenses globally. The company currently holds <a href="https://www.investing.com/news/company-news/galaxy-digital-applies-for-national-trust-bank-charter-93CH-4982813" rel="noopener noreferrer nofollow">more than 50 licenses across the US, Europe and Asia</a>, including SEC-registered broker-dealer subsidiaries, a CFTC-registered swap dealer subsidiary and a UK subsidiary authorized by the Financial Conduct Authority, Investing.com reported.</p>
<h2 id="legal-challenge-surrounds-occ-trust-charters">Legal Challenge Surrounds OCC Trust Charters</h2>
<p>The application arrives amid litigation over the OCC's authority to grant this type of charter. FinanceFeeds reported that on 2 October the <a href="https://financefeeds.com/galaxy-digital-occ-national-trust-bank-charter/" rel="noopener noreferrer nofollow">Independent Community Bankers of America sued the OCC</a>, arguing that the National Bank Act does not provide for a category of non-depository national bank for crypto firms. The same report said Galaxy lists the challenge among its risk factors without naming the case.</p>
<p>The outcome of the OCC review, and of the lawsuit, will determine whether Galaxy can consolidate custody, trading and staking under a national bank charter.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.streetinsider.com/Corporate+News/Galaxy+Digital+applies+for+national+trust+bank+charter+with+OCC/27252515.html" rel="noopener noreferrer nofollow">StreetInsider: Galaxy Digital applies for national trust bank charter with OCC</a><br><a href="https://www.bankingdive.com/news/galaxy-digital-applies-occ-national-trust-bank-charter/873209/" rel="noopener noreferrer nofollow">Banking Dive: Galaxy Digital applies for OCC charter</a><br><a href="https://www.coindesk.com/business/2026/05/18/mike-novogratz-s-galaxy-receives-new-york-bitlicense-for-institutional-crypto-push" rel="noopener noreferrer nofollow">CoinDesk: Galaxy receives New York BitLicense</a></p>

Galaxy Digital Applies to OCC for Galaxy National Bank Trust Charter in New York

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Galaxy Digital Applies to OCC for Galaxy National Bank Trust Charter in New York

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发布于 2026年10月30日的其他文章