<ul data-eligibleForWebStory="true"><li>Circle is seeking to obtain national trust bank status after its IPO, with plans to establish a new entity focused on custodial services for USDC and tokenized financial assets.</li><li>The company, if approved by the OCC, aims to store USDC reserves and handle custody for tokenized stocks and bonds, but not for cryptocurrencies like Bitcoin or Ethereum.</li><li>This move aligns Circle with regulatory developments like the GENIUS Act in Congress, signaling the company's focus on compliance for becoming a trusted infrastructure provider in the financial sector.</li><li>Circle's compliance efforts have already resulted in partnerships for USDC use in blockchain projects like World Chain and integration into Shopify's payments system, enhancing its competitiveness in the stablecoin market.</li></ul>

Circle Seeks National Trust Bank Status After IPO, Targets Institutional Custody Market

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