# OCC Approval Advances Bridge’s Bid for a Federal Trust Bank Charter

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/52479
Published: 2026-11-09T18:17:55.000Z
Updated: 2026-11-09T18:17:55.000Z
Section: Regulation

> The order requires at least $45 million in capital and preopening checks; a bank charter does not replace separate issuer approval under the GENIUS Act.

The Office of the Comptroller of the Currency (OCC) approved Bridge’s bid for a federal trust bank, moving it closer to a federal charter while leaving capital and preopening requirements outstanding.

The order sets a $45 million minimum capital requirement and requires Bridge to clear preopening checks before the bank can open. Those conditions leave work to complete after the OCC’s approval: the decision advances Bridge toward a federal trust bank, but does not mean the bank has begun operating.

The charter and stablecoin issuer status are separate matters. Bridge would still need issuer approval under the GENIUS Act; OCC approval for a trust bank does not provide that authorization. The decision addresses Bridge’s path to a federal bank charter, while a separate statutory approval governs stablecoin issuance.

The $45 million requirement is the minimum capital specified in the order, and preopening checks remain a condition before the bank opens. Both are necessary steps in moving from approval to operation.