Five Crypto Firms Win Initial Approvals as Trust Banks, Including Ripple, Circle, BitGo

In a significant development for the cryptocurrency industry, five prominent crypto firms have recently received initial approvals to operate as trust banks. Among these firms are well-known names such as Ripple, Circle, and BitGo, which are poised to expand their services and enhance their offerings in the financial sector. This milestone not only reflects the growing acceptance of digital currencies but also marks a crucial step towards greater regulatory recognition for these firms within the traditional banking landscape. source: https://www.coindesk.com/policy/2025/12/12/five-crypto-firms-step-closer-to-become-a-bank-including-ripple-circle-fidelity