Nubank, Latin America's largest digital bank, has received conditional approval from the OCC to offer digital asset custody services in the United States.

Odaily Planet Daily reports that Nubank, Latin America's largest digital bank, has announced it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a branch in the United States. Following final approval, Nubank plans to offer deposit accounts, credit cards, loans, and digital asset custody services under the federal banking framework. Before officially launching its services, Nubank must meet the OCC's conditions and obtain approval from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. Nubank must complete capitalization within 12 months and officially open for business within 18 months. Nubank has already begun establishing centers in Miami, the San Francisco Bay Area, Northern Virginia, and the North Carolina Research Triangle.