Modern Treasury seeks US trust bank charter for digital asset custody

60-second summary

Modern Treasury is applying for a limited‑purpose national trust bank charter to provide stablecoin custody and related fiat services, aiming to become a federally regulated trust bank for digital assets. The company argues the charter will streamline compliance, attract institutional clients, and enhance liquidity. If approved, this could broaden trust‑bank participation in crypto, boosting market confidence and institutional adoption.