Bridge wins conditional OCC approval for national bank charter

Stablecoin platform Bridge — acquired last year by Stripe — has received conditional approval from the Office of the Comptroller of the Currency to become a federally chartered national bank, joining a growing group of crypto firms seeking federal oversight.

If finalized, the charter would allow Bridge to custody crypto, issue stablecoins, and manage stablecoin reserves under a federal regulatory framework. The company said the status would help enterprises, fintechs, crypto companies, and financial institutions build digital-dollar products with clearer regulatory backing.

Other crypto firms that have received conditional OCC approval include Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos. So far, Anchorage Digital Bank remains the only crypto-native firm to have received a national trust charter outright, first granted in 2021.

Bridge added that its compliance framework is designed to align with the GENIUS stablecoin law signed by President Donald Trump, with federal regulators now working on implementation rules.