ZeroHash and Revolut Seek U.S. National Bank Charters for Digital Asset Services

Stablecoin infrastructure firm ZeroHash has submitted an application to the U.S. Office of the Comptroller of the Currency for a national trust bank charter. According to NS3.AI, the firm aims to focus on digital asset services following a successful funding round that raised $250 million, valuing the company at $1.5 billion. The application specifically excludes retail deposits, consumer lending, and FDIC insurance, concentrating instead on custody, staking, stablecoin management, and related settlement services. In a separate move, British fintech company Revolut has also applied for a full U.S. national bank charter. This application is intended to expand its offerings to include checking, savings, lending, and future crypto services, with direct access to Fedwire and ACH systems. Both companies are seeking to enhance their presence in the U.S. financial market by leveraging these charters to provide specialized digital asset services.