Texas Bank Wins National Charter To Challenge Wall Street in Crypto

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UTB has processed more than $120 billion in annual transactions for crypto clients over the past five years and currently clears around $10 billion a month in US dollar volume for foreign banks, over-the-counter (OTC) desks, and major exchanges. "If you're a digital asset player, you can't get an account at a Bank of America or a Citibank," Beck said. "You can come to United Texas Bank and basically have full access to the US dollar."

By moving its regulatory structure under the OCC rather than the Texas Department of Banking, UTB has aligned itself with the federal executive branch. Beck said the shift protects clients from fragmented state-level oversight that has historically restricted crypto businesses from accessing US banking infrastructure.

The bank is launching UTB Atomic, a 24/7 AI-driven real-time payment network designed to restore round-the-clock settlement infrastructure following the closures of Silvergate and Signature Bank.