Regulatory Alerts2026-05-18
Added · Updated
Charter Application and Confidential Treatment Request for Catena Trust Bank, National Association
Catena Labs, Inc. submits an application to the Office of the Comptroller of the Currency to charter Catena Trust Bank, N.A. as a de novo national trust company located in New York, New York, with operations limited to trust activities and digital asset services including custody and clearing for stablecoins compliant with the GENIUS Act. The application requests a waiver from the National Bank Act residency requirement for directors under Section 72, as the majority of proposed directors will not reside in New York or within one hundred miles of the bank's location. Additionally, the organizers request confidential treatment for business strategies and non-public personal information contained in the Confidential Volume under the Freedom of Information Act and OCC regulations.