[The U.S. Office of the Comptroller of the Currency Approves Charter Applications for BitGo and Four Other Trust Banks] According to an official announcement, the U.S. Office of the Comptroller of the Currency (OCC) has approved the charter applications of five national trust banks, including BitGo. BitGo has been authorized to transform its South Dakota-registered trust company, BitGo Trust Company, Inc., into a national bank named BitGo Bank & Trust, National Association (NA). BitGo Bank & Trust, NA is authorized to provide the following services: custody and maintenance of digital assets and certain non-deposit financial assets under federal trust and non-trust authority; and, under federal law preempting duplicative obligations, offer certain digital asset-related services nationwide without the need for state-by-state licensing.