CEX is applying for a federal trust license from the US OCC.

[CEX is applying for a federal trust license from the OCC] The largest crypto assets exchange in the United States, CEX, has announced that it is applying for a federal trust company license from the Office of the Comptroller of the Currency (OCC). Greg Toussaint, Vice President of Institutional Products at the company, stated that this license will simplify the regulatory process for new products and promote the integration of digital assets with TradFi. Tussar emphasized that CEX does not intend to transform into a bank, but believes that clear rules and regulatory trust help to continue innovation under the premise of ensuring security. With the Trump administration creating a more favorable regulatory environment, crypto companies such as Paxos, BitGo, Ripple, and Circle have recently submitted applications for banking licenses to the OCC. Analysts point out that the federal trust license will allow CEX to directly access the Federal Reserve payment system, while providing stronger credibility for its stablecoin and custody business. If approved, CEX will become the fifth crypto institution to obtain a federal-level license.