Stablecoin infrastructure provider Bridge gets a banking licence from the OCC

• Stablecoin infrastructure provider Bridge has secured a conditional federal banking licence from the Office of the Comptroller of the Currency (OCC)

• The licence, once fully approved, will enable Bridge to custody digital assets, issue Stablecoins and hold Stablecoin reserves

• Bridge is the sixth Stablecoin or digital assets company to secure an OCC banking licence in the last five months

Bridge, the Stablecoin infrastructure provider owned by Stripe since February last year, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to set up a federally chartered national trust bank.

Bridge is the latest cryptocurrency company to benefit from the more accommodating policy adopted by the OCC since the Trump administration took office.

In December last year, Stablecoin issuers Circle, Ripple and Paxos, Fidelity Digital Assets and BitGo also received conditional approvals from the OCC.

In October 2025 Erebor Bank, the Ohio-based bank founded by Peter Thiel to specialise in Stablecoins, cryptocurrency-backed lending and blockchain-based settlement, became the first to receive conditional approval under the new OCC policy.

Once its conditional licence is fully approved, Bridge will be able to hold digital assets in custody, issue Stablecoins and manage Stablecoin reserves under direct Federal regulatory oversight.

“Stablecoins represent more than faster payments,” said Bridge in a press release. “They are the foundation for a programmable financial system. Fully reserved, transparently managed digital dollars can power global settlement, treasury management, cross-border payments, tokenised asset markets, and many more use cases for users globally.”