Galaxy seeks its own trust bank charter, four years after dropping BitGo

Crypto Insight Summary: Galaxy Digital (NASDAQ: GLXY) has applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC). Galaxy tried to obtain that same regulated custody capability back in 2021 by acquiring BitGo, but that custodian went on to secure its own federal charter first. Why did Galaxy try to... Crypto Insight Analysis: Direction: Bullish GLXY Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: A trust charter could strengthen Galaxy's regulated custody business, but approval and broader crypto effects remain uncertain.