Citadel plans crypto bank
Citadel Securities is set to launch a major crypto bank, marking a significant move by a traditional market‑making giant into regulated crypto custody and on‑ramp infrastructure. — the step shows growing entanglement between established trading houses and digital‑asset custody/regulatory frameworks. (en.bitcoinsistemi.com)
EDX Markets Holding Company filed an OCC application dated March 25, 2026 to organize “EDX Trust, National Association” as a de novo national trust bank; the public filing was posted April 1, 2026. (occ.gov: ) (coindesk.com: ) The application explicitly requests “full fiduciary powers” under 12 U.S.C. §92a and seeks authorization to provide regulated digital‑asset custody, asset management, and settlement services for institutional clients. (newspub.live: ) (cointelegraph.com: ) EDX lists its proposed main office as 200 W. Madison, Suite 1450, Chicago, IL 60606 and notes the exchange launched in June 2023 with founding backers that include Citadel Securities, Fidelity Digital Assets and Charles Schwab among others. (occ.gov: ) (newspub.live: ) The public application states EDX’s trading venue currently operates on a non‑custodial model and that the proposed EDX Trust would hold fiduciary custody of digital assets, cash and stablecoins using sub‑custodians, plus provide settlement including riskless principal trading and end‑of‑day netting. (newspub.live: ) (coinmarketcap.com: ) EDX’s filing names Tony (José Antonio) Acuña‑Rohter as chief executive—he previously served as CTO of ErisX/Cboe Digital—and lists proposed board and management hires with backgrounds at Cboe Digital, the Options Clearing Corporation, Coinbase and Kraken. (edxmarkets.com: ) (newspub.live: ) The filing arrives the same week the OCC’s amended national trust bank rule took effect April 1, 2026—clarifying trust banks may engage in certain non‑fiduciary activities—and the OCC added EDX’s application to its public list on March 26; no decision timeline was disclosed. (occ.gov: ) (newspub.live: )
