EDX Markets, Backed by Citadel and Charles Schwab, Applies for National Trust Bank Charter
EDX Markets, an institutional cryptocurrency exchange supported by Citadel Securities, Charles Schwab, and Fidelity Digital Assets, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The new entity, EDX Trust, would offer secure custody solutions, portfolio management, and principal trading services exclusively for institutional clients, shifting from EDX Markets' current non-custodial model. This move aims to deepen the firm's role in the evolving digital asset market by providing federal oversight and regulatory compliance, attracting more traditional finance firms to crypto.
https://www.crowdfundinsider.com/2026/04/270712-edx-markets-backed-by-citadel-and-charles-schwab-applies-for-national-trust-bank-charter/