Modern Treasury, a company that builds payments infrastructure, has applied to set up a national trust bank in the United States. According to a Cointelegraph report published on October 5, 2026, the bank would hold digital assets for customers and offer fiat services connected to that custody.
The charter it wants is a limited-purpose national trust bank, which needs federal approval. The report names stablecoin custody as one of the services the company wants to offer under the charter.
This is an application, not an approval. The report does not say when a decision is expected, and it does not say which customers the bank would serve or whether any exchange would use it.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly. The filing does not touch funding rates, trading fees or order-book liquidity on any of those venues, and none of them is named in the report.
Source: cointelegraph — Modern Treasury seeks US trust bank charter for digital asset custody