Crypto infrastructure company Zerohash applies for a national trust bank license from the U.S. OCC.

PANews reported on March 5th that, according to The Block, crypto infrastructure company Zerohash has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) seeking a national trust bank license. According to the application documents, the trust bank Zerohash plans to establish will provide digital asset custody, fiat currency and other asset custody, staking custody and verification activities, transfer agency services, trade execution, stablecoin management, and settlement, clearing, and custody services. Obtaining this license will not allow Zerohash to engage in traditional banking activities such as deposit-taking or lending, but it will enable it to operate under federal regulation, helping to attract more institutional clients.