Season 2 · Episode 5
OCC Approves Bastion, Agora & Catena Trust Charters
Summary
OCC just greenlit three national trust charters on the same day — Bastion Platforms National Trust Co. (NY DFS conversion), de novo Agora National Trust Bank (AUSD issuer), and Catena Trust Bank, N.A. (AI-agent rails).
In this OnlyFintechs episode we unpack Corporate Decisions #1391–1393 (Sept 18, 2026): trust banks that custody and issue stablecoins but cannot take demand deposits or make loans; capital floors ($6M Bastion / $10M Agora & Catena) plus 180-day liquid OpEx; and why GENIUS Act conformity is the common condition.
What you’ll learn:
- Conversion vs de novo paths
- How trust charters differ from Revolut/Nubank full-service denovos
- What “conditional” still blocks before any of them open
Keywords: OCC, Bastion, Agora, Catena, national trust bank, stablecoin, AUSD, GENIUS Act, custody, fintech charter
#OCC #TrustBank #Bastion #Agora #Catena #Stablecoin #GENIUSAct #Fintech #PodcastDrop
0
:00 Intro: conditional OCC approval for three stablecoin trust banks
Chapters
- 2:05What a national trust bank is, and isn't
- 5:03Bastion: custody and white-label stablecoins
- 8:00Agora: moving AUSD reserves from Bermuda
- 11:14Catena: an AI-native trust bank
- 13:08Capital, liquidity and the 180-day rule
- 16:08The Wise denial
- 17:26What it means for correspondent banking1
