• bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Circle's national trust bank license

Circle’s national trust bank license marks new era in digital asset custody

Circle’s national trust bank license is the latest move by the fintech firm to reshape financial infrastructure.

The company filed for this license shortly after its successful IPO, reflecting its ambition to deepen its role in digital finance.

The proposed institution, First National Digital Currency Bank, N.A., would not handle cash deposits or offer loans. Instead, it will focus on managing reserves for USDC and providing custody for tokenized assets. This is a bold step towards Circle’s vision of building an open and transparent internet financial system. The license would give Circle direct control over USDC reserves, which are currently managed by BlackRock and BNY Mellon.

According to CEO Jeremy Allaire, the trust bank will concentrate on tokenized securities like stocks and bonds rather than cryptocurrencies like Bitcoin. Circle’s new bank won’t replace its banking partners entirely but will assume a more active role in managing parts of its reserve portfolio.

A new chapter for Circle’s digital asset strategy

Circle’s national trust bank license comes at a critical moment in U.S. financial regulation. Congress is advancing a stablecoin bill requiring issuers to back tokens with liquid assets and publish monthly reserve reports. The law is expected to be signed by President Trump this summer. Circle’s move positions the company ahead of compliance requirements and shows confidence in the regulatory direction.

This effort enhances Circle’s appeal to institutional investors. With custody services under its own umbrella, the company offers more transparency and control. Such integration is essential for scaling trust in stablecoins and tokenized financial assets. The bank charter will likely increase efficiency, streamline compliance, and make Circle more competitive in the stablecoin space.

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Circle’s IPO gains momentum alongside trust bank ambitions

Circle’s IPO on June 5 launched it with a $6 billion valuation. Since then, its stock has soared, now trading at $181 and pushing its market cap to $44 billion. Analysts from Barclays, Bernstein, and Canaccord are bullish, while JPMorgan and Goldman Sachs remain cautious due to the rapid stock surge.

Still, investor optimism signals growing confidence in Circle’s long-term vision. The trust bank license is seen as a solid step toward more comprehensive services for the digital asset industry. If approved, it could pave the way for Circle to become a key infrastructure provider for tokenized finance.

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