Krutika Adani
U.S. banks can now buy and sell crypto assets held in custody on behalf of customers under new OCC clarifications.
The updated guidance reverses earlier hesitation, now allowing banks to engage more freely in digital asset services—if safety standards are met.
The OCC permits third-party partnerships, but requires strict compliance with risk management and internal control measures.
Under the new rules, crypto services like asset management and trade execution are officially seen as extensions of traditional banking.