Supported by Charles Schwab, Citadel, and Fidelity, EDX applies for a U.S. trust bank license

2026-04-10 06:52:40

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ME News Report, April 2 (UTC+8), the cryptocurrency trading platform EDX Markets, supported by Charles Schwab, Citadel Securities, and Fidelity, has applied for a national trust bank license from the Office of the Comptroller of the Currency (OCC). This license will allow EDX to provide digital asset custody, asset management, and trading settlement services, but does not include traditional banking activities such as accepting deposits or issuing loans. EDX stated that obtaining this license will help it better serve institutional clients and gain a competitive edge amid the institutionalization wave in the crypto industry. Recently, several other crypto companies, including Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets, have also been applying for similar licenses, indicating that the industry is accelerating its move toward a regulated financial system. (Source: ODAILY)

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