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Custody· Bank & market adoption

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

Galaxy Digital Inc. said on 29 October 2026 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.

AI-generated image: Unpressed brass embosser on a charter application folder beside a custody key and an obsidian glass sphere holding a tiny starfieldAI-generated image
AI-generated image (cryptobanking.news editorial cover). Symbolic studio scene; brand marks identify the organisations in the story and do not imply endorsement.Primary source: Galaxy Digital (via PR Newswire) (prnewswire.com)
cryptobanking.news Editorial · AI-assisted, source-verifiedT2Bank / FMIUS

Key takeawaysFact

  1. 1Galaxy Digital Inc.
  2. 2said on 29 October 2026 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.
  3. 3If approved, the bank would provide Galaxy’s custody, trading and staking services for digital assets, along with fiduciary investment advisory services, under OCC supervision; the application remains subject to OCC approval.
  • Custody
  • Regulation

Executive summaryFact

Galaxy Digital Inc. said on 29 October 2026 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, the bank would provide Galaxy’s custody, trading and staking services for digital assets, along with fiduciary investment advisory services, under OCC supervision; the application remains subject to OCC approval. (Source: Galaxy release distributed via PR Newswire.)

Primary source: Galaxy Digital (via PR Newswire) ↗

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.

— Galaxy Digital (via PR Newswire), verbatimString-matched against the live page 2026-10-31

Key factsFact

Event
Licence application
Jurisdiction
US
Source
Galaxy Digital (via PR Newswire)
Source tier
Tier 2 · Bank / FMI
Product
Custody & trading

Adoption statusFact

  • AnnouncedGalaxy— Application to the OCC for Galaxy National Bank, a proposed national trust bank for digital asset custody, trading, staking and fiduciary investment advisory services

See the bank adoption tracker

Who is affectedFact

Galaxy’s clients for digital asset custody, trading, staking and fiduciary investment advisory services.

Key datesFact

  • Galaxy announces OCC application for Galaxy National Bank

More from the sourceFact

“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.”

Verbatim from Galaxy Digital (via PR Newswire)✓ string-matched against the live page 2026-10-31

Why it matters for banksAnalysis

Another digital asset firm seeking a national trust charter would, if approved, bring a federally supervised provider into digital asset custody and fiduciary services that banks offer to institutional clients.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

What remains uncertain

  • The application remains subject to OCC approval; no decision timeline is given.

Sources and evidence

Evidence types: how we classify sources.

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 f341c392503fe4f0… · fetched 2026-10-29
Source type
Official institutional Galaxy Digital (via PR Newswire) ↗
Change log (10)
  1. 2026-10-31 Verify run + data (2026-10-31 afternoon deploy): verifiedAt refresh on all items, verify snapshots, tracker source verifiedAt, history snapshot 2026-10-31, metr (59ae13f)
  2. 2026-10-31 Verify run + data (2026-10-31 morning deploy): verifiedAt refresh on all items (supersedes the uncommitted verifiedAt-only edits left by the failed 30 Oct night (41e27a5)
  3. 2026-10-30 Verify run + data (2026-10-30 evening deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, gene (9a19611)
  4. 2026-10-30 Verify run + data (2026-10-30 afternoon deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, ge (65f7ccc)
  5. 2026-10-30 Verify run + data (2026-10-30 audio deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, monthly report PDF (3e7b364)
  6. 2026-10-30 Verify run + data (2026-10-30 morning deploy): verifiedAt refresh, verify snapshots, evidence for ECB Cipollone T+1/Pontes and Korea FSC items, history snapshot (fe010e8)
  7. 2026-10-30 Verify run + data (leftover from 2026-10-29 22:30 run): verifiedAt refresh on 85 items and tracker sources, verify snapshots, history snapshot 2026-10-29, metri (e3c2c01)
  8. 2026-10-29 Verify run + data (2026-10-29 covers deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-29, metrics, stablecoins, monthly report PDF (8ecdc47)
  9. 2026-10-29 Verify run + data (2026-10-29 evening deploy): verifiedAt refresh, verify snapshots, evidence for Galaxy item, history snapshot 2026-10-29, metrics, stablecoins (71c9301)
  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)

Full evidence record · How we label confidence

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

Weekly briefThis item is in The Weekly Brief Nº 3 (2026-W44) — this week’s issue, still open.

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