Nu Holdings Ltd. has received conditional approval from the Office of the Comptroller of the Currency $(OCC)$ to establish a de novo national bank, Nubank, N.A., in the United States. This approval marks a significant step in Nu's strategy to expand its operations and product offerings in the U.S. market. The national bank charter will enable Nu to offer deposit accounts, credit cards, lending, and digital asset custody under a federal regulatory framework. The company is now in the bank organization phase, working to meet OCC conditions and awaiting additional approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. Nu aims to fully capitalize the institution within 12 months and open the bank within 18 months, as required by regulators.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nu Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-26-000201), on January 29, 2026, and is solely responsible for the information contained therein.