Digital asset firm Laser Digital has filed an application to the Office of the Comptroller of the Currency (OCC) to form Laser Digital National Trust Bank (LDNTB). If approved, LDNTB intends to offer digital asset custody and trading to institutional clients in the US.
Other services LDNTB may offer include spot trading of crypto and fiat currencies, staking of eligible custodied digital assets, and custody of US government securities.
In a statement, Purvi Maniar chief legal officer of Laser Digital and proposed president of LDNTB describes the National Trust Bank framework as “a clear, federally overseen model that aligns closely with how institutions already manage custody, trading, and fiduciary risk”, which suits institutional clients that are “increasingly looking for ways to engage with digital assets within structures that are familiar, well governed, and regulator supervised”.
