United Texas Bank gains OCC charter, clears $10B a month for crypto firms

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United Texas Bank says it completed its conversion from a Texas state bank to a nationally chartered OCC bank after satisfying approval conditions on May 27. CEO Scott Beck told CoinDesk the Dallas bank now has direct Fed wire and ACH access, FDIC insurance, and clears about $10B a month for foreign banks, OTC desks, and exchanges. UTB is also launching UTB Atomic and Prism Sentinel, pitching 24/7 dollar liquidity and compliance rails to fill the hole left by Silvergate and Signature.

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United Texas Bank gains OCC charter, clears $10B a month for crypto firms

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United Texas Bank gains OCC charter, clears $10B a month for crypto firms

More on OCC

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American Bankers Association (ABA) request 60-day extension to review US stablecoin bill, citing need for more time after OCC finalizes key regulatory framework

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