zerohash has applied for a National Trust Bank Charter with the Office of the Comptroller of the Currency in the US.

If approved, the charter would allow the company to operate as a federally regulated national trust bank, expanding its regulatory framework and product offering.

zerohash submitted the application to complement its existing licences in multiple jurisdictions.

Founded in 2017, zerohash provides infrastructure for companies to offer digital asset and stablecoin services to their customers.

Its partners include Morgan Stanley, Interactive Brokers, Stripe and Franklin Templeton.

The proposed charter comes as regulatory frameworks for stablecoins and digital assets in the United States continue to evolve.

According to the company, obtaining a National Trust Bank Charter would enable zerohash to expand certain services under a federal regulatory structure, including activities that may fall under the GENIUS Act.

“Stablecoins and digital assets are increasingly becoming part of the core financial system,”

said Stephen Gardner, Chief Legal and Compliance Officer at zerohash.

“Applying for a National Trust Bank Charter is a natural next step in offering robust global licensing coverage and continuing to expand our product offering.”

Featured image credit: Edited by Fintech News Switzerland, based on image by freepik