National Digital Trust Company Receives OCC Conditional Approval Advancing Institutional Digital Asset Banking

National Digital Trust Company (NDTC), a trust bank being developed to operate within established banking, fiduciary, and supervisory frameworks, today announced that it has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) as part of the national trust bank chartering process.

Since its inception, NDTC has taken a regulation-first, bank-first approach to digital assets. Its governance, controls, and operating model were built to meet longstanding trust-bank standards rather than adapting models common in financial technology. The conditional approval reflects progress in advancing that framework within the federal banking system.

“NDTC was formed around the conviction that institutional participation in digital assets would require a bank built to establish supervisory and fiduciary expectations,” said Greg Gilman, Chief Executive Officer of National Digital Trust Company. “Rather than optimizing for speed or experimentation, we chose to design a supervision-ready, bank-grade institution shaped by regulation from the outset. This milestone reflects that deliberate path.”

National Digital Trust Company is being developed as a federally supervised trust bank focused exclusively on serving regulated financial institutions. Its model emphasizes fully reserved custody, agency-only services, and institutional-only participation, supported by governance and risk controls consistent with traditional trust-bank operations.

The NDTC platform is being engineered to interoperate with existing financial systems while supporting digital asset networks within clearly defined control, compliance, and operational frameworks. The company's objective is to enable institutions to integrate digital assets without departing from the standards they already apply to traditional financial activities.

NDTC has worked closely with regulators throughout the chartering process to design an institution intended for durability and supervisory clarity. The preliminary conditional approval allows the company to continue advancing toward full authorization, subject to meeting remaining regulatory conditions.