Dakota, a registered money services business that launched a stablecoin offering in January, has applied for a national trust banking charter with the Office of the Comptroller of the Currency, the company said last week. National trust bank charters have seen a spike in interest under OCC chief Jonathan Gould. Within the past month, Japanese conglomerate Sony received the OCC’s conditional approval for a trust bank charter, and stablecoin issuer Circle gained full approval after seven months under conditional status. The OCC last month rejected a trust charter application from Wise, saying the U.K.-based fintech raised “significant supervisory and compliance concerns,” notably with regard to actions taken by state regulators over the firm’s anti-money laundering practices. If approved for the charter, Dakota would still rely on banking partners for some services.