Ramp Seeks OCC Charter for Digital Asset Custody
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Ramp is seeking an OCC trust bank charter for digital asset custody, with no plans for the proposed bank to accept deposits or issue commercial loans.
Ramp is pursuing a trust bank charter from the Office of the Comptroller of the Currency (OCC) for digital asset custody, according to The Defiant.
The proposed bank would neither accept deposits nor extend commercial loans, limiting its scope compared with a conventional commercial bank.
Ramp says it intends to develop products in collaboration with its banking partners. The proposal remains a charter request, rather than an approved banking operation.
Source: The Defiant
