# OCC Approves Bridge's Federal Trust Bank Bid

> Bridge gets OCC approval for federal trust bank charter but still needs $45m capital and preopening checks.
- Title: OCC Approves Bridge's Federal Trust Bank Bid · TokenPost
- Summary: Bridge gets OCC approval for federal trust bank charter but still needs $45m capital and preopening checks.
- Keywords: occ, bridge, federal trust bank, capital requirement, preopening checks, genius act, crypto, TokenPost
- Source: TokenPost — https://tokenpost.com/news/regulation/52479
- Published: 2026-11-09T18:17:55+00:00
- Read time: 1 min
- Topics: occ, bridge, federal trust bank, capital requirement, preopening checks, genius act, crypto, finance
## OCC Approval
The Office of the Comptroller of the Currency approved Bridge's bid for a federal trust bank, moving it closer to a federal charter while leaving capital and preopening requirements outstanding.
## Capital and Preopening Requirements
The order sets a $45 million minimum capital requirement and requires Bridge to clear preopening checks before the bank can open.
## Separate Issuer Approval Needed
Bridge would still need issuer approval under the GENIUS Act; OCC approval for a trust bank does not provide that authorization.
## Key takeaway

Bridge's federal trust bank charter bid advanced by OCC approval with $45m capital requirement and preopening checks pending.