Circle Wins U.S. Trust Bank Approval, Shares Rise Over 7%

Circle’s shares climbed more than 7.7% in premarket trading after the company received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., which will operate as Circle National Trust. The federally regulated trust bank will initially provide digital asset custody services for Circle and its affiliates. The approval marks a significant step in Circle’s expansion of regulated crypto infrastructure and strengthens its position in the U.S. digital asset market.