Overview
- OCC granted conditional approval for a de novo national bank charter for Nubank, N.A., enabling deposits, credit cards, lending and regulated digital asset custody once fully authorized.
- Nubank must meet OCC conditions, obtain FDIC deposit insurance and Federal Reserve approval, fully capitalize the bank within 12 months and open within 18 months.
- The company filed its application on Sept. 30, 2025, and received a decision in 121 days, aligning with the OCC’s 120‑day review guideline.
- Co-founder Cristina Junqueira will lead the U.S. business, with former Central Bank of Brazil president Roberto Campos Neto set to chair the board.
- Planned hubs in Miami, the San Francisco Bay Area, Northern Virginia and North Carolina’s Research Triangle will support the rollout as regulators signal openness to bank-run crypto custody.