Galaxy Applies for National Trust Bank Charter
PR Newswire•29/10/2026•07:00 ET
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Key Highlights
- ➤Galaxy subsidiary files OCC application for national trust bank charter
- ➤Proposed bank would bring custody, trading and staking under federal oversight
- ➤Galaxy National Bank would serve clients nationwide through one federal framework
- ➤OCC approval remains pending, with timing and conditions uncertain
- ➤Galaxy holds more than 50 licenses across the U.S., Europe and Asia
Expert Statements
Mike Novogratz, Founder and CEO of Galaxy
“Digital assets are becoming an increasingly important part of the global financial system, and Galaxy has spent years building the capabilities to support that transition. A national trust charter would be an important next step, allowing us to bring more of our services under a single federal framework and expand how we serve clients as adoption accelerates”
Proposed Galaxy National Bank would bring key digital asset services under federal oversight, strengthening Galaxy's position as adoption accelerates
NEW YORK, Oct. 29, 2026 /PRNewswire/ -- Galaxy Digital Inc. (Nasdaq: GLXY) ("Galaxy"), a digital assets and data center infrastructure company, today announced that its subsidiary, Galaxy Digital LP, has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank, a proposed national trust bank headquartered in New York.
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