US Edition
Citadel Securities-Backed EDX Markets Files For National Trust Bank Charter
The charter would let EDX add custody, asset management and principal trading while keeping its core order-matching platform, backers said.
- EDX Markets, backed by Citadel Securities, filed for a national trust bank charter with the Office of the Comptroller of the Currency on Wednesday, marking a new phase in its institutional expansion.
- Targeting large asset managers entering digital assets, EDX aims to mirror traditional market safeguards. "By separating custody and settlement into a regulated trust," CEO Tony Acu said, the firm builds necessary infrastructure.
- Backed by Fidelity Digital Assets, Charles Schwab Corp, and Citadel Securities, the exchange launched three and a half years ago and has since expanded to include 17 additional tokens.
- If approved, the charter allows EDX Trust to offer custody, asset management, and principal trading services while reducing counterparty risk through clear settlement processes.
- Several crypto firms have applied for and received trust bank charters in recent years to offer custody under regulatory oversight, and EDX is not alone in seeking this footing.
16 Articles
16 Articles
EDX Markets Seeks OCC Trust Charter to Redefine Crypto Custody
EDX Markets’ application for an OCC trust bank charter arrives at a moment when federal regulators appear willing to redefine the boundaries of traditional finance. The move reflects a strategic pivot by a Wall Street-backed exchange to position itself as the custodian of institutional crypto flows, not merely a trading venue. By seeking a national trust charter, EDX aims to decouple custody… Source
National Trust Bank Bid: Citadel Securities-Backed Crypto Exchange Enters The Fray
EDX Markets, the crypto exchange backed by Wall Street giant Citadel Securities, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, according to a public filing disclosed Wednesday. The move comes as US regulators under the current Trump administration have adopted a more receptive posture toward crypto firms seeking to operate under federal banking charters. EDX Seeks OCC Trust Charter To Cour…
Citadel Securities-Backed EDX Markets Applies For US Trust
Crypto exchange EDX Markets, backed by Citadel Securities, has submitted an application to the Office of the Comptroller of the Currency to secure a national trust bank charter. The move is part of efforts to integrate digital asset companies into the banking system. The application was made public through filings on April 1. The application outlines the plan to expand operations while under federal supervision. The company, EDX Markets, will op…
Key Points of the News: Entity and Regulator: EDX Markets formally filed its application with the Office of the Currency Controller (OCC) on March 25, 2026. Scope of services: The approval would allow the firm to offer national custody, asset management and primary negotiation without individual state licenses. Political context: The movement follows a pro-scripted trend under the current administration, following the approval of five similar st…
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