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Nicholas Kitonyi

BitGo, Ripple and Three Other Digital Asset Firms Win Conditional US National Bank Charters

The Office of the Comptroller of the Currency approved national bank charter applications for BitGo, Fidelity Digital Assets, Paxos Trust Company, Ripple National Trust Bank and First National Digital Currency Bank on Friday. BitGo, Fidelity and Paxos obtained conditional approvals to convert into national banks, while Ripple received a new de novo national trust bank charter, expanding the roster of digital asset institutions under federal oversight.
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