What does getting a trust bank charter actually change about running a payments business? @ModernTreasury CEO @mattgmarcus & CTO @samaarons and I discussed this and more: Modern Treasury announced earlier this month that it filed an application with the Office of the Comptroller of the Currency to charter Modern Treasury National Trust Bank. But, for those who aren't in the weeds on bank chartering, there remains some confusion about exactly what a national trust bank is and isn't and what kinds of activities they are permitted to undertake. I had the chance to chat with Matt and Sam on: -Unpacking the basics of a national trust bank charter: what it is and what it isn’t -How obtaining a trust bank charter will integrate with and enhance Modern Treasury’s capabilities -Examples of how customers are leveraging Modern Treasury’s infrastructure -The latest on payment rail adoption: FedNow, RTP, stablecoins, and more -And more! Find the episode where ever you listen to podcasts or at Fintech Business Weekly.

1/6 We submitted our application to the OCC to establish Modern Treasury National Trust Bank. If approved and authorized to open, the bank would add federally supervised digital asset custody and related fiat services to @ModernTreasury.