@BitGo, Hedera Council Member, Receives U.S. Banking Approval from @USOCC 🧵

Big news for @hedera and institutional Web3 finance —

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved BitGo Bank & Trust, N.A. to operate as a National Trust Bank.

🔹 This makes BitGo one of the first federally supervised crypto custodians with authority to issue USD-backed stablecoins and manage tokenized assets under the GENIUS Act.

🔹 OCC approval includes fiduciary powers, capital & liquidity requirements, and full compliance oversight.

🔹 BitGo will operate as a non-deposit trust bank — bridging regulated banking and digital asset infrastructure.

💠 As a Hedera Council member, BitGo’s banking status further legitimizes Hedera’s role in real-world asset (RWA) tokenization and institutional DeFi innovation in the U.S.