Circle Eyes National Trust Bank Status After $18B Wall Street Debut

Krutika Adani

Circle Makes Bold Banking Move Post-IPO

After an $18B listing, Circle files to become a national trust bank—aiming to solidify its role in the regulated financial world.

What Is a National Trust Bank—and Why Now?

The charter would let Circle manage USDC reserves in-house, without offering loans or accepting deposits like a traditional bank.

Circle’s Hybrid Reserve Strategy

Even with a bank charter, Circle plans to keep some reserves with BNY Mellon and BlackRock, blending old finance with new rails.

From Crypto to Tokenized Assets on Blockchain

Circle will focus on tokenized stocks and bonds, not Bitcoin or Ether—aligning with Wall Street’s shift toward asset tokenization.

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