Minimum capital
Not published. The Act sets no fixed floor. Capital is to be set by regulator rule; the OCC proposal is not final.
Requirements
What it takes.
Application fee
Not published.
Annual fee
Not published. Not established
Decision time
Not published. Regime not yet in force. Effective by 18 January 2027 at the latest.
Foreign firms
Foreign issuer access rules not finalised
Reserve rule
100% one-to-one, in cash, Federal Reserve balances, insured deposits, or Treasuries of 93 days or less
Approval rate
No applications processed
Compare this against every other regime in the full comparison, or see the licences recorded in this market.