Modern Treasury Seeks US Bank Charter For Custody
Payments infrastructure company Modern Treasury has applied for a US national trust bank charter to offer federally supervised digital asset custody.
Payments infrastructure company Modern Treasury has applied for a US national trust bank charter, according to Cointelegraph. The move is intended to add federally supervised digital asset custody as the firm expands its stablecoin services.
Charter Application
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According to the details reported by Cointelegraph, the application seeks a limited-purpose national trust bank designation. This federal approval would allow the company to offer stablecoin custody and related fiat services under federal supervision.
Key facts
- Modern Treasury applied for a US national trust bank charter.
- The application aims to add federally supervised digital asset custody.
- The expansion targets stablecoin services and related fiat offerings.
Source: cointelegraph.com
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