OCC returns Zerohash national trust charter application
Zerohash said the Office of the Comptroller of the Currency returned its July 17 national trust bank application as materially deficient rather than denying it, and the firm plans to refile with a narrower scope focused on national trust activities. The company described the return as an administrative, coordinated step that does not affect current operations under its state trust approvals and said it expects a swift review after refiling. Zerohash serves major financial and fintech clients, faces a lawsuit alleging more than 200 compliance gaps, and the resubmission will be watched for governance and compliance detail.
Zerohash will refile a narrower trust charter application after the OCC return.
Context
Many crypto and payments firms recently sought OCC trust charters. The OCC can return filings that lack required information. Zerohash will refile with a narrower proposal and expects a swift review.
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