Coinbase Receives OCC Approval for National Trust Bank Charter
The license puts Coinbase under OCC supervision and allows fiduciary digital asset custody for institutional clients, with $60 million in Tier 1 capital required.
- On Monday, Nov. 9, 2026, Coinbase announced that Coinbase National Trust Company completed its chartering process with the Office of the Comptroller of the Currency on Nov. 6, following preliminary approval in April.
- The company secured this federal license after submitting its application in October 2025 and receiving preliminary approval on April 2, 2026, before completing mandatory organizational preparations required by the OCC.
- Under the charter, the institution will provide institutional digital asset custody services while maintaining at least $60 million in Tier 1 capital and liquid assets sufficient to cover 180 days of operating expenses.
- The Independent Community Bankers of America opposed the regulator's approach, with ICBA President and CEO Rebeca Romero Rainey arguing that crypto firms obtain federal banking status without meeting obligations imposed on traditional insured banks.
- Coinbase plans to transfer its existing custody business to the national trust entity over three years, joining other firms like Ripple that have pursued similar federal trust bank authorizations as the OCC continues its review.
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Coinbase gets full U.S. trust charter from federal banking regulator
Coinbase Gets Final Regulatory Stamp For Trust-Bank Charter
Coinbase Global Inc., the largest US crypto exchange, said a key regulator has fully signed off on its request to become a nationally chartered trust bank, the latest example of firms in the digital-asset space entering the world of traditional finance.
Coinbase Secures Full U.S. National Trust Bank Charter
The post Coinbase Secures Full US Trust Charter as OCC Expands Crypto Banking Access appeared first on Coinpedia Fintech News Coinbase, the largest U.S.-based cryptocurrency exchange, has secured full approval for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), giving its custody business a direct federal banking framework. The approval moves Coinbase from conditional status to a fully chartered nati…
Coinbase received the final approval of the Office of the Comptroller of the Currency to constitute Coinbase National Trust Company, incorporating its custody business into a federal regulatory framework. The company noted that the charter will expand its institutional custody capabilities and provide more uniform national supervision. The approval grants Coinbase a high level of... Read more
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