United Texas Bank (UTB) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert from a Texas state charter to a national charter, granting it direct access to the Federal Reserve’s payment network. The conversion, completed on May 15, 2026, places UTB on equal regulatory footing with major Wall Street banks like JPMorgan Chase and Bank of America, allowing it to offer critical dollar-rail services to cryptocurrency businesses at scale.
UTB currently clears approximately $10 billion per month in dollar payments for global crypto firms, and processes over $120 billion in crypto transactions annually. Many digital asset companies have historically struggled to maintain bank accounts, but CEO Scott Beck stated that UTB now serves as a “centralized value hub” providing “full access to the U.S. dollar” for exchanges, OTC desks, and foreign banks that cannot bank elsewhere.
The bank is launching UTB Atomic, an AI-driven 24/7 real-time payment network designed to solve the liquidity gaps left by the collapse of Silvergate and Signature Bank. It is also rolling out UTB Prism Sentinel, an AML and BSA compliance platform developed partly in response to a Federal Reserve Consent Order. The systems are built to align with anticipated federal stablecoin and digital asset laws, including the CLARITY Act and GENIUS Act. A full digital asset custody and trust department is set to launch this summer, further bridging traditional finance and crypto infrastructure.
