Techub News reports that, according to Crypto In America, three cryptocurrency-native companies, WisdomTree Digital Trust, Standard Custody & Trust Company, and Commercium Financial, have applied for a Federal Reserve master account. Among them, WisdomTree and Standard Custody are chartered trust companies in New York State, regulated by the New York State Department of Financial Services (NYDFS). It is currently unclear whether they are eligible to open a master account based on the current federal definition, as opening a master account requires obtaining deposit authorization or insurance from the Federal Deposit Insurance Corporation (FDIC).