Modern Treasury is pursuing a limited-purpose national trust bank charter in the United States to provide custody services for stablecoins as well as related fiat currency operations. This move signals the company’s intent to deepen its engagement with crypto assets under a regulated framework.
According to CoinTelegraph, the firm is seeking federal approval to operate as a trust bank, a status that would enable it to legally offer stablecoin custody alongside traditional fiat services. This step reflects growing institutional interest in bridging digital and fiat currencies through regulated channels.
For Japanese investors and market participants, Modern Treasury’s approach highlights ongoing developments in the US regulatory landscape that could influence the global stablecoin ecosystem and cross-border payment solutions.