Bridge, the stablecoin infrastructure provider owned by Stripe, has received conditional approval from a leading U.S. regulator to establish a national trust bank.
The preliminary authorization from the Office of the Comptroller of the Currency marks an important step toward integrating digital assets into the regulated banking system. The move places Bridge among a growing list of crypto firms seeking to operate within federal oversight.
If final approval is granted, Bridge would be able to offer services including digital asset custody, stablecoin issuance, and reserve management for businesses and financial institutions.
The company said the approval could help enterprises and fintech firms build digital dollar-based systems within a clearer regulatory framework.
Stripe acquired Bridge in October 2024 in a deal reportedly worth $1.1 billion, signaling its growing commitment to digital finance infrastructure.
