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Occam is a multi-chain launchpad and incubator augmented with a suite of DeFi products. Its focus is on interchain DeFi, with a special emphasis on Cardano and Milkomeda.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
OCC Proposes Applying the Bank Secrecy Act to Stablecoin Issuers
According to PYMNTS, on June 22, the U.S. Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking requiring payment stablecoin issuers (PPSIs) under its supervision to comply with provisions of the Bank Secrecy Act (BSA) and the GENIUS Act, and mandating that they implement anti-money laundering/combating the financing of terrorism (AML/CFT) programs, sanctions programs, and reporting requirements administered by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also establish an OCC supervisory and enforcement framework for PPSIs’ AML/CFT obligations and clarify coordination mechanisms between the OCC and FinCEN in enforcement actions. Previously, the OCC had jointly sought public comment with the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) regarding requirements for stablecoin issuers to establish customer identification programs.
Fintech company Mercury completes $200 million funding round with participation from a16z and Sequoia Capital
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
Catena Labs closes $30 million Series A funding round, led by Acrew Capital and a16z crypto
According to Fortune, Catena Labs—founded by Sean Neville, co-founder of Circle—has raised $30 million in its Series A funding round, led by Acrew Capital and a16z crypto, with participation from Breyer Capital, General Catalyst, and QED. Catena Labs focuses on developing tools that enable AI agents to conduct financial transactions securely. The company has applied to the U.S. Office of the Comptroller of the Currency (OCC) in New York for a national trust bank charter, seeking regulatory authorization to process payments and hold customer funds. Previously, in 2025, Catena Labs secured an initial $18 million financing round led by a16z crypto.
Zerohash Secures Dual Licenses Under Europe’s MiCA and EMI Frameworks, Becoming the First Compliant Stablecoin Infrastructure Provider
According to The Block, crypto infrastructure provider Zerohash Europe has obtained an Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB), becoming the first company to hold both a European MiCAR license and EMI authorization. Zerohash previously secured its MiCAR license in October 2025; this dual licensing enables it to legally provide crypto-asset services and process traditional electronic money flows across the European Economic Area (EEA), and to directly serve institutional clients such as banks, brokers, fintech firms, and payment platforms. The company is already collaborating with partners including Interactive Brokers Europe and has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. Additionally, Zerohash is reportedly seeking $250 million in funding at a $1.5 billion valuation.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
Circle receives approval from US Office of the Comptroller of the Currency to establish a digital currency trust bank
stablecoin issuer Circle Internet Group has received approval from the US Office of the Comptroller of the Currency (OCC) to establish a national digital currency trust bank, aiming to further expand its stablecoin business scope. Circle stated that the OCC has approved the creation of an entity to be named "Circle National Trust." The institution will operate under the federal trust bank regulatory framework, providing clients with institutional-grade services including digital asset custody.This approval means that Circle will further enter the regulated digital asset custody sector beyond its USDC issuance and payment operations, consolidating its regulatory system through a single federal trust charter. Circle CEO Jeremy Allaire has repeatedly emphasized that stablecoins are becoming key infrastructure connecting traditional finance with the on-chain economy. The acquisition of this bank charter is seen by the market as a significant step in the stablecoin company's transformation into a financial infrastructure provider. (Bloomberg)
Circle Receives Final U.S. OCC Approval to Establish National Trust Bank, Advancing USDC Custody Infrastructure Under Federal Regulation
According to official sources, Circle announced that it has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the national trust bank Circle National Trust. The institution will initially provide digital asset custody services for Circle and its affiliates, and may open to selected institutional clients in the future based on demand.
Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
Former Robinhood Crypto COO Joins Stablecoin Firm Agora as Head of Operations
According to CoinDesk, Tanya Denisova, former Chief Operating Officer of Robinhood Crypto, has officially joined stablecoin infrastructure company Agora as Head of Operations. She will also serve as Chief Operating Officer of Agora’s proposed national trust bank—a role that will take effect upon approval by the U.S. Office of the Comptroller of the Currency (OCC) of Agora’s application for a national trust charter. Denisova spent six years at Robinhood Crypto, leading the department’s expansion from a team of three to a multi-billion-dollar business operating regulated entities in both the United States and the European Union. Her responsibilities spanned core areas including settlement, liquidity, trading, execution quality, and custody.
Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
Gate Ventures: Tech Stocks Hit New Highs Amid Inflationary Pressure, Crypto Market Risk Appetite Recovers
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Morgan Stanley: It will still take time for Bitcoin to enter U.S. bank balance sheets, but preparations are already underway.
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
OCC Proposes Applying the Bank Secrecy Act to Stablecoin Issuers
According to PYMNTS, on June 22, the U.S. Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking requiring payment stablecoin issuers (PPSIs) under its supervision to comply with provisions of the Bank Secrecy Act (BSA) and the GENIUS Act, and mandating that they implement anti-money laundering/combating the financing of terrorism (AML/CFT) programs, sanctions programs, and reporting requirements administered by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also establish an OCC supervisory and enforcement framework for PPSIs’ AML/CFT obligations and clarify coordination mechanisms between the OCC and FinCEN in enforcement actions. Previously, the OCC had jointly sought public comment with the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) regarding requirements for stablecoin issuers to establish customer identification programs.
WLFI is expected to receive OCC approval for its federal trust bank charter application
World Liberty Financial, a crypto project backed by the Trump family, is expected to receive approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust bank in the near future. Two former OCC employees who spoke on condition of anonymity revealed that the application is almost certain to be approved.World Liberty Financial established a U.S. trust company in January of this year and submitted an application to the OCC. Obtaining a federal trust bank charter would allow the project to issue and redeem its USD1 stablecoin, manage reserves, provide digital asset custody, and offer conversion and settlement services under a single federal regulatory body, without relying on third-party intermediaries. Currently, the project's intermediary institution is BitGo. (The Block)
Catena Labs closes $30 million Series A funding round, led by Acrew Capital and a16z crypto
According to Fortune, Catena Labs—founded by Sean Neville, co-founder of Circle—has raised $30 million in its Series A funding round, led by Acrew Capital and a16z crypto, with participation from Breyer Capital, General Catalyst, and QED. Catena Labs focuses on developing tools that enable AI agents to conduct financial transactions securely. The company has applied to the U.S. Office of the Comptroller of the Currency (OCC) in New York for a national trust bank charter, seeking regulatory authorization to process payments and hold customer funds. Previously, in 2025, Catena Labs secured an initial $18 million financing round led by a16z crypto.
Morgan Stanley: It will still take time for Bitcoin to enter U.S. bank balance sheets, but preparations are already underway.
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
Related news
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
Circle receives approval from US Office of the Comptroller of the Currency to establish a digital currency trust bank
stablecoin issuer Circle Internet Group has received approval from the US Office of the Comptroller of the Currency (OCC) to establish a national digital currency trust bank, aiming to further expand its stablecoin business scope. Circle stated that the OCC has approved the creation of an entity to be named "Circle National Trust." The institution will operate under the federal trust bank regulatory framework, providing clients with institutional-grade services including digital asset custody.This approval means that Circle will further enter the regulated digital asset custody sector beyond its USDC issuance and payment operations, consolidating its regulatory system through a single federal trust charter. Circle CEO Jeremy Allaire has repeatedly emphasized that stablecoins are becoming key infrastructure connecting traditional finance with the on-chain economy. The acquisition of this bank charter is seen by the market as a significant step in the stablecoin company's transformation into a financial infrastructure provider. (Bloomberg)
Circle Receives Final U.S. OCC Approval to Establish National Trust Bank, Advancing USDC Custody Infrastructure Under Federal Regulation
According to official sources, Circle announced that it has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the national trust bank Circle National Trust. The institution will initially provide digital asset custody services for Circle and its affiliates, and may open to selected institutional clients in the future based on demand.
Sony Receives Conditional Approval from the U.S. Office of the Comptroller of the Currency to Establish Trust Bank, Plans to Advance USD Stablecoin Business
According to Banking Dive, Sony has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Connectia Trust, in the United States, which is planned to launch in 2027 with a registered capital of $40 million. According to the disclosure, the entity will prepare for the future issuance and management of USD-denominated stablecoins in the United States.
Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)