UTB plans to add a digital asset custody and full-service trust department in the summer following the charter conversion.

The UTB Atomic network and Prism Sentinel rollout are part of a broader digital asset custody and trust services plan slated for summer 2026.

UTB envisions a centralized value hub that provides crypto firms essential access to U.S. dollar settlement and the broader U.S. banking system, challenging banks hesitant to fully embrace crypto.

UTB claims to be among the first U.S. banks to complete an OCC conversion since the Dodd-Frank era, expanding Fed wires and ACH while preserving FDIC insurance.

The move comes amid broader state and federal shifts expanding crypto banking access and custody, including Minnesota’s recent crypto-friendly legislation.

The conversion positions UTB as a potential primary banking partner for crypto firms seeking direct access to U.S. dollar settlement and traditional banking rails.

The Federal Reserve did not object to the conversion, and the Fed will continue supervising UTB after the shift to OCC oversight.

United Texas Bank received approval from the Office of the Comptroller of the Currency to convert from a state-chartered to a nationally chartered bank, signaling its aim to serve the cryptocurrency industry on a national level and gain access to federal payment rails and full trust powers.

The OCC approved the conversion on May 15, 2026, enabling UTB to access U.S. dollar settlement, Federal Reserve systems, and real-time payment rails.

UTB has previously operated under a Federal Reserve consent order related to Bank Secrecy Act compliance; the OCC plan includes addressing enforcement actions tied to that matter.

As a nationally chartered bank, UTB plans to launch UTB Atomic, a 24/7 real-time liquidity payment network, supported by UTB Prism Sentinel, an AI-driven real-time blockchain surveillance and compliance system.

CEO Scott Beck frames UTB as a bridge between crypto firms and traditional finance, with Wall Street gradually moving into crypto and UTB facilitating digital asset services.