Nubank Applies to OCC for U.S. Banking License, Plans Bitcoin Custody, Deposits and Credit Cards

On Oct. 2, BusinessWire reported that Brazilian digital bank Nubank has filed an application with the Office of the Comptroller of the Currency (OCC) seeking a U.S. banking license to evaluate expanded operations in the U.S. market. If approved, the charter would enable traditional banking capabilities such as deposit accounts, credit cards and loans, alongside regulated digital asset custody services. Nubank previously introduced an in-app crypto transfer feature that supports Bitcoin, Ethereum and the Solana network, reflecting a product roadmap that integrates on-chain flows with custodial offerings. The filing underscores the bank’s strategic focus on regulatory compliance and guarded market entry pending regulatory approval.