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Rain is seeking a national trust bank charter to bypass third-party banks

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Rain is seeking a national trust bank charter to bypass third-party banks

The stablecoin payments company’s proposed New York trust bank would custody digital assets and dollars, manage stablecoin reserves and issue and redeem dollar-backed tokens.

Rain is seeking a national trust bank charter to bypass third-party banks

Source：CoinDesk

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Source：https://www.coindesk.com/business/2026/10/07/rain-becomes-12th-crypto-firm-seeking-occ-trust-bank-charter-amid-community-bank-pushback