CoinDesk·3 min read·medium
Circle secures New York trust charter as crypto regulatory push accelerates
O
Olivier Acuna
✦AI Summary
Circle has secured a New York trust charter, allowing the company to provide fiduciary and custody services for digital assets under state banking law. This regulatory milestone follows the company's recent approval to establish a national trust bank in the U.S.
The trust charter is an official state banking authorization that allows the holder to legally provide fiduciary, custody and asset-management services under the New York Banking Law.
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