Telcoin Receives Approval for Digital Asset Depository Bank Charter
- Telcoin has received approval for its Digital Asset Depository Bank Charter in Nebraska
- This positions Telcoin as one of the first federally regulated digital asset depository banks in the USA
- With this charter, Telcoin can now issue stablecoins and hold deposits at a Federal Deposit Insurance Corporation
In a significant development, Telcoin, Inc. has been granted approval by the Nebraska Department of Banking and Finance to operate as one of the inaugural federally regulated digital asset depository banks in the United States under the Nebraska Financial Innovation Act (LB 1074, 2024).

This approval, which was anticipated following a public hearing in December 2024, represents a significant step towards integrating digital assets into traditional banking systems.
Telcoin’s Vision and Operations
Telcoin submitted an extensive business plan, comprising hundreds of pages and 29 appendices, along with detailed information about its directors and officers. This documentation showcased the viability of Telcoin’s proposed activities.
The plan outlines Telcoin’s strategy to issue US dollar-backed stablecoins, referred to as “Digital Cash” or eUSD, to enable secure storage and seamless integration into mainstream financial systems through independent node verification networks.
Operating Conditions for Telcoin
The approval of the Digital Asset Depository Bank Charter was contingent on Telcoin’s commitment to safe and sound operations.
Key factors in securing the approval included witness testimonies during a public hearing in December 5, 2024, and the thoroughness of the business plan.
As a federally regulated digital asset depository bank in the US, Telcoin must maintain unencumbered liquid assets in US dollars equal to 100% of the value of any outstanding stablecoins issued, ensuring financial stability and protecting consumers.
Regulatory Requirements
- Provide a surety bond or pledge of assets worth $1 million
- Obtain insurance for directors’ and officers’ liability, errors and omissions, and IT infrastructure ($10 million)
- Hold all US currency from customers in FDIC-insured institutions in Nebraska
Telcoin is also mandated to engage with the community and promote financial literacy programs for Nebraska students. Transparency is key, with the company required to maintain a public file detailing its community efforts and educate customers about the risks associated with digital assets.
Operating under the name “Telcoin Bank, a Digital Asset Bank,” Telcoin will soon commence operations, issuing stablecoins and leveraging independent node verification networks for payment systems.
This approval by the Nebraska Department of Banking and Finance sets the stage for digital assets to coexist alongside traditional banking within a regulated framework, fostering innovation in the financial sector.