In brief – Coinbase has received final approval from the Office of the Comptroller of the Currency to charter Coinbase National Trust Company. – The charter brings Coinbase’s institutional crypto custody business under a single federal regulator, building on its existing New…
rk trust charter. – Coinbase is the latest crypto firm to win a national trust charter this year, after Circle and Ripple, as banking groups challenge the approvals in court. Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company, the crypto exchange said on Monday
The OCC approved the application last Friday, according to Coinbase. The firm said the charter will let it expand its custody business, which holds digital assets on behalf of institutional clients, under a federal regulatory framework. “Custody is foundational to our business,” the company said, describing itself as the leading crypto custodian globally. The charter will “bring clear and consistent federal uniformity” to its custody operations, it added. “Trusted custody is essential for bringing more of the financial system onchain,” Coinbase CEO Brian Armstrong tweeted on Monday, calling the trust company “another step for building that foundation.” Trusted custody is essential for bringing more of the financial system onchain.
Coinbase National Trust Company is another step for building that foundation. https:// — Brian Armstrong (@brian_armstrong) November 9, 2026 Coinbase has offered regulated custody since 2018, when its Coinbase Custody Trust Company won a limited purpose trust charter from the New York Department of Financial Services. The new national trust company builds on that foundation while bringing its trust activities into a consistent federal framework, Coinbase said. The approval comes seven months after the OCC gave Coinbase conditional approval in April, when the company said it was not becoming a commercial bank and would not…