Stripe’s crypto unit Bridge receives initial approval to form US trust bank #
Bridge, the crypto-focused unit of Stripe, has obtained initial regulatory approval to establish a US trust bank, marking a significant step toward operating under a formal banking structure. The approval would allow Bridge to offer custody and related digital asset services under federal oversight, positioning the unit within the regulated financial system rather than relying solely on partnerships
The move reflects a broader trend among crypto firms seeking bank charters or trust structures to improve regulatory clarity and institutional credibility. For Stripe, the development strengthens its push into digital asset infrastructure, particularly as demand grows for compliant custody, settlement, and stablecoin-related services in the US market.