قامت Citadel Securities وFidelity للتو بأكبر تحرك لهما حتى الآن لإعادة بناء العملات المشفرة مثل وول ستريت

EDX Markets’ bid for a federal trust bank charter is not just another crypto expansion story. It is a live test of whether Wall Street-backed firms can move more of crypto’s custody and settlement stack inside the U.S. banking perimeter. Citadel Securities, Fidelity, and Schwab-backed EDX wants to bring equity market structure to crypto through a federal trust bank EDX Markets’ application for a federal trust bank charter opens a more consequential question than whether another large financial consortium wants deeper exposure to digital assets. The sharper question is whether some of the firms that helped shape modern U.S. equity market structure are now trying to impose a similar functional separation on crypto, with custody, settlement, collateral management, and fiduciary asset handling pulled into a federally supervised banking perimeter. That framing comes directly from EDX Trust’s application to the Office of the Comptroller of the Currency . The filing argues that traditional financial markets evolved around specialized roles, brokers, exchanges, market makers, clearing institutions, and custodians, while digital asset markets developed around vertically integrated venues where execution, custody, and balance sheet functions often sit under one roof. Why this matters: If this model wins approval and real flow, more of crypto’s back-end infrastructure could move away from all-in-one exchanges and toward federally supervised institutions. That would matter for who controls custody, how trades settle, and which firms become the preferred route for institutional capital. EDX’s proposal attempts to redraw that map. Order matching would remain with EDX Markets, while the proposed national trust bank would handle custody, fiduciary asset management, settlement-related functions, and riskless principal activity. Related Reading The Fed is readying to punish banks for holding Bitcoin as US crypto tensions boil over Basel’s thresholds and punitive risk weights can make