#支付系统与数字支付 Recently studying the concepts of payment and custody, I suddenly saw that BitGo received OCC approval to transform into a national trust bank. I was a bit confused but also felt very excited 🤔

I used to not quite understand what digital asset custody was for, but now I finally get it — it’s about entrusting your crypto assets to professional institutions like BitGo for safekeeping. This conditional approval from the OCC (Office of the Comptroller of the Currency) feels like it signifies the crypto industry’s position within the traditional financial system is becoming more formalized?

The most impressive part is that once finally approved, BitGo will be able to offer custody and crypto-related services nationwide without needing to apply in each state. They also support institutional trading, staking, stablecoins, and more, which sound like tools for professional players 😎

Does this help us newbies? I’ve been thinking… maybe it indicates that the industry is becoming more regulated, and the entry of large institutions might make the entire ecosystem safer? But custody fees are definitely not cheap, and are probably mainly used by institutional investors.

Can any experts explain what the most direct impact of this transition is on retail investors?