#加密货币监管立场 OCC conditionally approves trust bank licenses for five institutions including Ripple and Circle. This signal is worth noting.

From an on-chain perspective, the key point is that once these institutions obtain full licenses, they can apply for Federal Reserve main accounts, which means the funds clearing pathways will undergo significant changes. The traditional financial and crypto settlement barriers are gradually being broken down, which will directly impact the liquidity structure of stablecoins, asset custody, and other businesses.

Several data dimensions to watch include: Circle's USDC reserve flows, the fund movements of Ripple-related addresses, and the trend of on-chain transaction volume after these institutions are approved. The trust license expansion broadens compliance channels, but "conditional approval" means there are still conditional restrictions—this transitional window could lead to capital games.

In the long term, this accelerates the demand for compliant storage of institutional-grade crypto assets, which will have a noticeable impact on data inflows for custody-related businesses. In the short term, focus on monitoring the activity density of these five institutions on-chain over the coming months.