The OCC conditionally approved Anchorage digital bank's conversion into a federally chartered digital bank.
- The U.S. Office of the Comptroller of the Currency (OCC) said that it granted conditional approval to Anchorage to become a crypto custody provider through a national trust bank charter, making it among the first federally-chartered digital asset banks.
- In a statement published on Jan. 13, the federal charter allows Anchorage to offer custody in some states via its trust company chartered in South Dakota, called Anchorage Trust Co.
- According to Georgia Quinn, Anchorage's general counsel, the "relatively traditional" digital bank will not engage in lending or deposit-taking. It will provide digital asset custody only to institutional investors and other banks.