Digital financial services platform Nu has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Nubank, N.A. Once fully approved, the bank will offer deposit accounts, credit cards, loans, and digital asset custody services. The initiative is led by co-founder Cristina Junqueira, with Roberto Campos Neto serving as the chairman of the board. Nubank, N.A. is currently in the organizational phase and must meet OCC conditions, including achieving capital adequacy within 12 months and opening the bank in compliance with regulatory requirements within 18 months.