Wire · operational-macro
Rain applies to establish national trust bank
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Fusion42 · 6 October 2026 · Fusion42 review
Rain has applied to the Office of the Comptroller of the Currency to establish Rain National Trust Bank, a proposed national trust bank in New York that will provide fiduciary custody, reserve management, and stablecoin issuance under federal supervision.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.
◆ ◆ The Wire takeaway
You can now move to consolidate stablecoin custody and issuance under a single federal regulator with Rain's proposed national trust bank. This opens a new pathway to expand your product offerings on a trusted regulatory platform.
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3 sources · 6 Oct 2026
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