Crypto exchange platform Protego has reportedly been successful in securing a national charter from The Office of the Comptroller of the Currency. 

Specifically, Protego has reportedly followed in the footsteps of Anchorage, to become the second crypto-native exchange entity to acquire national trust bank licensing from the OCC. 

The new charter is reportedly conditional, in which Protego will receive regulatory greenlight to operate as a national trust bank, compared to functioning as a traditional bank, which can be directly translated to it not finalizing deposits. 

Noteworthily, Protego has reportedly been established not long ago, and is still working towards completing its internal organizing tasks. It will be granted a period lasting 18 months to roll out operations, prior to the expiration dates of the current charter.

The OCC is reportedly the office of the U.S. Treasury, in charge of regulations for national banks. Throughout 2020, it has put in extensive efforts to finalize the integration of crypto into that purview, including granting the first national charter of the type to Anchorage in January 2021.