Forbes: CEX is just one step away from becoming a federally chartered trust bank in the United States

On February 24, according to Forbes, CEX received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a U.S. national trust bank focused on digital asset custody and fiduciary services. According to Research and Market data, last year the institutional capital in digital asset custody exceeded $800 billion, and the infrastructure race for this market has entered a new phase. The conditional approval marks the beginning of one of the most stringent phases that crypto companies may face. To obtain final authorization, CEX must meet the OCC’s requirements in areas such as capital adequacy, corporate governance, risk management, anti-money laundering controls, and operational resilience. Federal banking regulation means ongoing scrutiny will continue indefinitely, with no “off switch.”