Regulatory Alerts2026-02-12 | Corporate Decision 1365Added
Corporate Decision 1365 — Application to charter Bridge National Trust Bank, New York, NY
The Office of the Comptroller of the Currency grants preliminary conditional approval for the charter of Bridge National Trust Bank, a wholly owned subsidiary of Bridge Ventures LLC, to operate as a national trust bank in New York. The Bank is authorized to engage in fiduciary activities including digital asset custody, collateral trustee services, reserve management, and the issuance of USD-denominated stablecoins, subject to compliance with the GENIUS Act. Final approval to commence business is contingent upon meeting all preopening requirements, including applying for stock in a Federal Reserve Bank, and the OCC reserves the right to modify, suspend, or rescind this approval if interim developments warrant such action.