Banking and Finance Law Daily Wrap Up, BANKING OPERATIONS—Two more nonbanks seek national trust bank charters, (Oct 6, 2026)
Organizations Mentioned:Modern Treasury | Modern Treasury National Trust Bank | Rain | Rain National Trust Bank
By John M. Pachkowski, J.D.
The proposed trust banks would help with custody of customers’ funds and move stablecoins.
Modern Treasury, a payments-infrastructure provider, and Rain, a stablecoin payments platform, have announced that each has filed an application with the ...