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Which banks work with crypto companies?

By Ben Tabas, Intrica Research · Updated · US

Answer

U.S. banks with public crypto business include Cross River Bank, Lead Bank and Customers Bank. CoinDesk reported on Dec. 16, 2025 that Cross River Bank and Lead Bank were initial participants in Visa's USDC settlement over Solana. Some crypto firms are getting their own charters. On Dec. 12, 2025, the OCC conditionally approved five national trust banks, including Ripple's and Paxos's.

Banks with public crypto business

  • Cross River Bank. Its crypto page, checked Oct. 28, 2026, offers USD to stablecoin conversion in USDC and RLUSD, fiat on and off ramps, stablecoin-linked cards, crypto-backed lending and accounts that send and receive stablecoins.
  • Lead Bank. The Block reported on Dec. 10, 2025 that the Kansas City bank has pivoted to focusing on fintechs and crypto companies.
  • Customers Bank. Its second quarter 2026 results, released July 23, 2026, refer to its digital asset channel clients and its cubiX payments platform.

Crypto firms with their own trust charters

On Dec. 12, 2025, the OCC conditionally approved new national trust bank charters for First National Digital Currency Bank and Ripple National Trust Bank. It also conditionally approved conversions to national trust banks for BitGo Bank & Trust, Fidelity Digital Assets and Paxos Trust Company.

Why more banks can say yes

On April 24, 2025, the Federal Reserve withdrew its 2022 letter asking state member banks to give advance notice of crypto activities. It joined the OCC and FDIC in withdrawing two 2023 joint statements on crypto risks to banks.

What to prepare before you apply

  1. List your licenses and every state and country where you serve customers.
  2. Document your KYC, anti money laundering and sanctions program, including how you monitor onchain flows.
  3. Show where customer funds sit and how you reconcile them each day.
  4. Expect questions on your largest customers, expected volumes and the jurisdictions they come from.

Bank due diligence teams research you too, so check whether AI engines know who you are and describe your company correctly.

Run the free Entity CheckBook a call

Sources

  1. Crypto Payment Solutions and Digital Asset Infrastructure · Cross River Bank, Oct. 28, 2026Supports: Checked Oct. 28, 2026: the stablecoin, on and off ramp, card, lending and account services Cross River offers crypto businesses.
  2. Visa brings USDC settlement to U.S. banks after $3.5 billion stablecoin pilot · CoinDesk, Dec. 16, 2025Supports: Cross River Bank and Lead Bank were initial participants settling with Visa in USDC over Solana.
  3. A16z-backed Lead Bank adds Loop Crypto to inner circle · The Block, Dec. 10, 2025Supports: Lead Bank has pivoted to focusing on fintechs and crypto companies.
  4. Customers Bancorp Reports Results for Second Quarter 2026 · Customers Bank, July 23, 2026Supports: Customers Bank refers to its digital asset channel clients and its cubiX payments platform.
  5. OCC Announces Conditional Approvals for Five National Trust Bank Charter Applications · Office of the Comptroller of the Currency, Dec. 12, 2025Supports: The five national trust bank charters and conversions conditionally approved on Dec. 12, 2025.
  6. Federal Reserve Board announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities · Federal Reserve Board, April 24, 2025Supports: The Fed withdrew its 2022 crypto notice letter and joined the OCC and FDIC in withdrawing two 2023 joint statements.

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