CASE STUDY

Supporting OCC Approval for a Pioneer Crypto Bank

AML RightSource partners with a pioneering digital asset institution to navigate regulatory frameworks, expand crypto services, and establish industry-leading custody solutions.

Challenge

A digital asset custodian sought regulatory legitimacy and expansion into a comprehensive suite of financial services within the rapidly evolving crypto landscape. Regulatory ambiguity, security risks, and institutional client demands posed significant operational and strategic challenges. The institution aimed to become the first federally chartered digital asset bank, requiring rigorous compliance standards, robust security infrastructure, and scalable service offerings.

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What AML RightSource Did

AML RightSource collaborated with the digital asset institution to achieve federal regulatory approval and implement comprehensive crypto banking solutions:

01

Regulatory Approval & Compliance Framework

  • Assisted in obtaining a National Trust Charter from the OCC, establishing the institution as a federally approved crypto custodian.
  • Designed and implemented an extensive AML/BSA compliance framework, integrating blockchain analytics and proactive suspicious activity monitoring.
  • Facilitated ongoing regulatory engagement to ensure continued adherence to evolving legal standards.

 

02

Crypto Custody & Security Infrastructure

  • Supported the development of institutional-grade custody using advanced multi-party computation (MPC) technology.
  • Implemented segregated asset storage solutions, safeguarding client crypto assets distinctly from operational funds.
  • Guided the institution in obtaining SOC 2 Type II certification, affirming compliance with stringent operational and security benchmarks.
03

Expansion into Trading & Lending

  • Advised on the launch of institutional crypto trading services, providing secure liquidity and efficient transaction execution.
  • Enabled introduction of crypto-backed lending, allowing institutional clients to leverage Bitcoin and Ethereum assets for liquidity needs.
04

Introduction of Staking Services

  • Facilitated integration of compliant staking services for institutional investors, focusing on Proof-of-Stake assets such as Ethereum and Solana.
  • Ensured regulatory alignment and managed compliance risks amid heightened SEC scrutiny of staking-as-a-service offerings.

Global Managed Services Approach

AML RightSource’s integrated approach featured dedicated regulatory compliance oversight, proactive fraud monitoring, and operational risk management tailored for digital asset banking. A specialized team provided continuous support, ensuring rapid adaptability to the evolving crypto regulatory and security landscape, and enabling seamless service scalability.

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Value Delivered

AML RightSource significantly supported the institution in becoming the first federally chartered crypto bank, establishing industry standards for crypto asset custody, security, and compliance.

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Achieved regulatory milestone by obtaining the first OCC-approved crypto banking charter.

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Strengthened institutional trust through rigorous compliance frameworks and security infrastructure.

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Enabled successful expansion into trading, lending, and staking, meeting growing institutional demand.

The institution continues to leverage AML RightSource’s expertise for ongoing compliance, risk management, and operational excellence within the digital asset sector.

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