Bank (national trust bank) · United States
Circle National Trust (First National Digital Currency Bank)
First National Digital Currency Bank, National Association · circle.com (opens source in new tab)
Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-11-07
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | 25 | Approved / authorised · initiative |
| Technical delivery | 20 | — | No verified status — not scored |
| Product breadth | 15 | 5 | 1 product category with a verified status: Custody & trading |
| Recent verified activity | 5 | 5 | Last verified change 2026-07-24 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Custody & trading · United States
Circle National Trust (First National Digital Currency Bank, N.A.): OCC national trust bank charter for USDC reserve management and custody
- regulatory
- Approved / authorised2026-07-24
- technical
- Unknown
- commercial
- Unknown
The OCC conditionally approved Circle's First National Digital Currency Bank, N.A. on 12 December 2025 to manage USDC reserves and act as collateral trustee for USDC holders once Circle's New York trust company issues USDC; Circle announced final approval on 10 July 2026 and the OCC records the charter as effective on 24 July 2026, operating as Circle National Trust.
Scope: National trust bank in New York; initial custody for Circle and affiliates; USDC reserve management planned.
In tracker · last verified 2026-11-07
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
- Approved / authorised Circle National Trust (First National Digital Currency Bank, N.A.): OCC national trust bank charter for USDC reserve management and custody
Office of the Comptroller of the Currency · 24 Jul 2026
Official institutionalCircle Receives Final OCC Approval to Establish National Trust Bank (opens source in new tab)
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2026-07-24Primary record · Office of the Comptroller of the CurrencyOCC Corporate Applications Search: First National Digital Currency Bank, N.A. (proposed charter 25361) (opens source in new tab)
- 2025-12-12Primary record · Office of the Comptroller of the CurrencyOCC preliminary conditional approval: First National Digital Currency Bank, National Association (Circle), OCC Control Number 2025-Charter-342299 (opens source in new tab)
Markets (from stated target markets): United States
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2026-07-24 · Status
Final approval announced by Circle (10 Jul 2026); OCC CAS shows Consummated/Effective 07/24/2026.
2025-12-12 · Status
OCC preliminary conditional approval of the de novo national trust bank charter (news release 2025-125).
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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