A “crypto trust bank” is usually shorthand for a national trust bank chartered by the Office of the Comptroller of the Currency (OCC), not a separate nationwide charter category. A state-chartered trust company gets its authority from a particular state’s law and regulator. Neither label alone tells you whether an institution may take deposits, has FDIC insurance, or is approved for a specific crypto service.
What do the two charter types mean?
A national trust bank is a national bank chartered by the OCC under the National Bank Act, including 12 U.S.C. § 27(a), with operations limited to trust-company operations and related activities. “Crypto trust bank” is a descriptive phrase for some such institutions, often those focused on digital-asset custody; the exact charter and legal entity matter more than the shorthand.
A state-chartered trust company is formed under a state’s banking law and overseen by that state’s banking regulator or equivalent authority. Its powers and restrictions depend on the state statute, its charter documents, and any regulator-imposed conditions. New York is a useful example, but its rules should not be treated as a nationwide template.
How do their authority and activities compare?
| Issue | OCC national trust bank | State-chartered trust company |
|---|---|---|
| Who grants the charter? | The OCC, under federal law including 12 U.S.C. § 27(a). | The relevant state regulator under that state’s law. New York DFS is one example. |
| What activities may it conduct? | Permissible trust-company operations and related activities, subject to federal law, regulation, supervision, and the institution’s charter and approval conditions. These may include non-fiduciary activities such as custody. | Activities specified by state law and the institution’s charter, subject to regulator conditions. The scope varies by state and may be further limited by the institution’s approval documents. |
| What governs fiduciary activity? | Federal fiduciary rules, including 12 U.S.C. § 92a and 12 C.F.R. Part 9. | The state’s statutes and the institution’s charter. For example, New York Banking Law § 100 lists fiduciary powers subject to statutory restrictions. |
| Can it accept deposits or make loans? | Do not infer either power from the words “national trust bank.” Check the actual charter and approved business plan. | It depends on the state and charter. New York limited-purpose trust companies generally may not accept deposits or make loans except when directly arising from fiduciary powers. |
| Is it FDIC insured? | Not established by the charter label alone. The OCC’s December 2025 Ripple conditional approval letter discussed OCC-supervised uninsured national trust banks. | Not established by the charter label alone. New York DFS says limited-purpose trust company applications have an exception to minimum capitalization and FDIC insurance requirements. |
| Does the charter authorize crypto services? | OCC guidance recognizes crypto custody, but the precise activity remains subject to applicable law, supervision, and any approval conditions. | State approval may be required. In New York, virtual-currency business activity under a Banking Law charter requires Superintendent approval. |
Does a trust-bank charter mean the institution only does fiduciary work?
No. The OCC’s January 11, 2021 Interpretive Letter 1176 explains that a national bank chartered under § 27(a) may conduct permissible trust-company operations and related activities, including non-fiduciary functions such as custody. The distinction matters because “trust” in the charter name does not make every service fiduciary activity.
#1 Best Overall
- Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
- Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
- Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
- Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
- 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.
Fiduciary status is a separate legal question. For national banks, 12 U.S.C. § 92a and 12 C.F.R. Part 9 govern activities performed in a fiduciary capacity. A trust bank may also provide non-fiduciary custody or other related services if those activities are permissible under its charter and applicable requirements.
On April 1, 2026, the OCC’s final rule clarified the wording of its chartering regulation concerning trust-company operations and related activities. OCC Bulletin 2026-4 said the rule clarifies longstanding authority for national trust banks to conduct non-fiduciary activities as well as fiduciary ones, and “would neither expand nor contract the OCC’s authority to charter a national bank.” The rule is not blanket permission for any service: the institution still must comply with its charter, relevant law, supervisory requirements, and any conditions attached to its approval.
Rank #2
- 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
- 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
- Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
- 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
- What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
What does New York’s state-chartered trust-company example show?
New York DFS charters and regulates banks and trust companies under Article III of the New York Banking Law. DFS describes a trust company as an entity authorized by the Superintendent to exercise fiduciary powers. For a limited-purpose trust company, the stated basic restriction is that it cannot take deposits or make loans except where they arise directly from fiduciary powers.
That restriction is specific to the New York limited-purpose framework; it should not be generalized to trust companies in other states. In New York, the organization certificate sets out the scope of services and limitations, and a limited-purpose trust company may not materially change its products, services, or activities without prior Superintendent approval. The charter name therefore cannot substitute for reviewing the certificate, approval order, and regulator records.
Free tools Windows power users keep installed
One-click scans. No signup required.
Rank #3
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
New York Banking Law § 100 provides examples of fiduciary powers, including acting as a fiscal or transfer agent and serving as trustee under specified instruments, subject to statutory limits. The state statute and the particular company’s charter terms determine what those powers mean in practice.
Can either charter holder custody crypto?
Federal and state charter pathways can support crypto custody, but the permissions are not interchangeable or automatic. In July 2020, the OCC stated that national banks and federal savings associations may provide cryptocurrency custody, including holding the associated unique cryptographic keys. That statement addresses custody; it does not by itself authorize an institution to operate an exchange, trade crypto, provide payments, or issue stablecoins.
Rank #4
- Dual Converters, Infinite Potential：Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
- Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
- Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
- Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
- Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
In November 2021, the OCC said certain crypto, distributed-ledger, and stablecoin activities discussed in earlier interpretive letters could be conducted after the bank notified its supervisory office and received written non-objection. The OCC also retained discretion to determine whether an activity qualifies as fiduciary under federal law. That dated process should not be treated as a timeless, universal approval rule: the applicable requirements depend on the particular activity and current supervisory guidance.
In New York, DFS says a firm may conduct virtual-currency business activity through a New York Banking Law charter, including a limited-purpose trust company or state bank, only with Superintendent approval. DFS distinguishes that approval pathway from the BitLicense framework. A state banking charter alone is therefore not proof that the company has approval for every virtual-currency activity it offers or proposes.
Quick wins for a faster PC:
Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Best Value
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
How should you read a crypto trust-bank approval or application?
Regulatory status is time-sensitive, and an application or conditional approval is not proof that the institution has begun operating all proposed services. The OCC’s “Digital Assets Licensing Applications” page describes its list as pending applications. As of the page reviewed on October 7, 2026, it included 2026-dated applicants such as zerohash National Trust Bank, Dakota National Trust Bank, Payward National Trust Company, and EDX Trust. A listing establishes the page’s stated application status, not final approval or operational status.
For example, the OCC issued a conditional approval for Ripple National Trust Bank on December 12, 2025. The letter described proposed cryptocurrency custody and collateral trustee services and identified Standard Custody & Trust Company, LLC as a New York limited-purpose trust charter regulated by NYDFS. The letter is evidence of that case’s conditional approval and proposed activities; it should not be read as proof that every condition was satisfied, that business commenced, or that every proposed service is currently operating.
The same OCC letter reported that OCC-supervised uninsured national trust banks had $6.8 trillion in assets under administration as of September 30, 2025, including $1.6 trillion in custody and safekeeping accounts and $5.2 trillion in fiduciary accounts. These are OCC-reported aggregate figures for those banks, not crypto-only totals.
Quick Recap
What should you check before relying on a trust-company label?
- Identify the legal entity and regulator. Confirm whether the institution is federally chartered by the OCC or chartered under a particular state’s law.
- Read the charter and approval conditions. Look for authorized products and services, restrictions, and requirements for material changes.
- Separate the activities. Fiduciary custody, non-fiduciary safekeeping, exchange or trading, payments, and stablecoin issuance are different services and may have different requirements.
- Verify deposits, lending, and insurance separately. A trust charter does not establish that deposits are accepted, loans are permitted, or customer funds are FDIC insured.
- Check current regulator records. Applications, conditional approvals, operating status, and activity permissions can change; use the relevant regulator’s latest records rather than relying on a company’s shorthand description.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
