08.20.2026

Majority of Bank Charter Applications Involve Digital Assets

08.20.2026
Banks Burdened by Basel

Comptroller of the Currency Jonathan V. Gould discussed the Office of the Comptroller of the Currency’s (OCC) work under the leadership of President Donald J. Trump and U.S. Secretary of the Treasury Scott Bessent to support the Administration’s efforts to grow the economy and lead the global digital currency revolution, in a Fireside Chat at the Wyoming Blockchain Symposium in Jackson Hole, Wyoming.

Excerpts from Comptroller Gould’s discussion are below. His full discussion can be found here.

On de novo chartering and digital assets

Since President Trump took office, so over the last 18 or so months, we have received 40 applications for new bank charters in this country. Over half of those bank charters in the business plans for those bank charters involve some form of digital asset activity. So that’s 23 out of 40. That’s an eightfold increase from the four years of the Biden administration. So that tells you about where the puck is going. We are now seeing when we look out further, when I look out further to the pipeline of potential applicants for bank charters, it is becoming ordinary course to involve and integrate payment stablecoins, etc. in the business plans that we are now seeing presented to the OCC for consideration.

On the GENIUS Act

We were working on the rule even before the President actually signed the bill into law. We will have a final rule out by November, so we are working with great speed here.

We are witnessing the birth of a new industry in the form of payment stablecoins.

Looking ahead

We’re very excited about the prospect of stablecoins and our role in that regulatory and supervisory landscape. It actually brings us back to our original mission back in the 1860s when we were created, which is ensuring that the reserve assets backing then national bank issued notes were of the same level of quality. That’s exactly analogous to what Congress has tasked us with doing with respect to payment stablecoins.

Related Link

Source: OCC

🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150

Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.

As the digital assets industry pushes toward

Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:

$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.

Load More

Related articles

  1. Spending on Cloud Services to Reach $3 Billion

    The new location will accommodate more than 125 employees focused on AI and cloud transformation.

  2. The U.S. investment bank has opened an office in Paris.

  3. S3 Launches Canada Best-Execution Suite

    This will help investors access globally diversified investments across equities, fixed income & alternatives.

  4. SIX and TWINT have joined the CHF stablecoin initiative launched in April 2026 as new partners.

  5. Weekend transaction demonstrates how institutions can instantly move money any time, any where.