Regulatory Alerts2026-05-29 | Corporate Decision 1377Added
Corporate Decision 1377 — Application to charter Laser Digital National Trust Bank, New York, NY
The Office of the Comptroller of the Currency grants preliminary conditional approval for the charter of Laser Digital National Trust Bank, a wholly owned subsidiary of Laser Digital Americas, to operate as a national trust bank in New York. The Bank is authorized to provide digital asset, securities, and fiat currency custody services in a fiduciary capacity, along with staking and customer-directed spot trading services. Approval is subject to conditions including a minimum $6.50 million tier 1 capital requirement, maintenance of 180 days of operating expenses in eligible liquid assets, and restrictions on significant deviations from the business plan. Final authorization to commence business requires meeting all preopening requirements, including independent audits and director share ownership, within 18 months of the approval date.