EDX Markets, a crypto exchange backed by Citadel Securities and Fidelity Digital Assets, has filed with the Office of the Comptroller of the Currency (OCC) for a national trust bank charter.
The OCC has not indicated a timeline for a decision on the application; however, if it is approved, EDX’s custody, management, and trading operations would fall under direct banking supervision.
Securing a trust bank charter would provide EDX with the regulatory framework needed to serve institutional investors, who have identified custody …