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Evidence record

Galaxy applies to the OCC to establish Galaxy National Bank, a national trust bank for digital asset custody, trading and staking

Read the item · published 2026-10-29

Evidence

Confidence
Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified
2026-10-31 16:50 UTC
Archived snapshot
SHA-256 f341c392503fe4f056dda860f163ce0ea1d0e39987116f4e4168acc4aa492c42 · fetched 2026-10-29
Source type
Official institutional Galaxy Digital (via PR Newswire) ↗
Saved excerpt around the quote (source text, 2026-10-29)
… infrastructure company, today announced that its subsidiary, Galaxy Digital LP, has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Galaxy National Bank, a proposed national trust bank headquartered in New York. If approved, Galaxy National Bank would operate as a federally regulated trust institution under OCC supervision, providing Galaxy's custody, trading and staking services for digital assets, along with fiduciary investment advisory services. The bank would serve clients across the country through a single federal framework. "Digital assets are becoming an increasingly important part of the global financial system, and Galaxy has spent years building the capabilities to support that tran …
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  10. 2026-10-29 Newsroom 2026-10-29 evening: Galaxy applies to the OCC to establish Galaxy National Bank, a proposed national trust bank for digital asset custody, trading and (1dfb963)

Verified quotes

  • “If approved, Galaxy National Bank would operate as a federally regulated trust institution under OCC supervision, providing Galaxy's custody, trading and staking services for digital assets, along with fiduciary investment advisory services.”
  • “The application, which remains subject to OCC approval, builds on more than 50 licenses Galaxy holds across the U.S., Europe and Asia, including SEC-registered broker-dealer subsidiaries that are FINRA members, a CFTC-registered swap dealer subsidiary, and a UK subsidiary authorized by the Financial Conduct Authority.”
  • “The bank would serve clients across the country through a single federal framework.”

String-matched against https://www.prnewswire.com/news-releases/galaxy-applies-for-national-trust-bank-charter-302923368.html by scripts/verify.mjs before every deploy.

AI-drafted from the primary source; quote string-matched by scripts/verify.mjs · AI-assisted