Cryptocurrencies
Crypto Unicorn Circle Aims to Expand Into Regulated Banking
- Crypto venue says it met with OCC to explore banking functions
- Venture is still at least months away from seeking a charter
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Circle Internet Financial Ltd., one of the world’s most valuable cryptocurrency platforms, is looking to make a big leap into the highly regulated realm of U.S. banks and brokerages.
The venture, partly backed by Goldman Sachs Group Inc., plans to seek a federal banking license to provide more services to customers. It also intends to pursue registration as a brokerage and trading venue with the Securities and Exchange Commission, so it can help investors buy and sell tokens deemed to be securities.