Definition
A limited purpose trust charter (NYDFS) is a New York Banking Law authorization to provide fiduciary, custody, and related asset-management services — without full commercial banking powers (consumer deposits/loans).
Key Points
- circle-new-york-trust received charter Jul 31, 2026
- Other holders: Coinbase, Moonpay, Bitgo, Paxos (per CoinDesk)
- Complements federal occ national trust bank charters (different regulator/scope)