Coinbase Receives OCC Approval for National Trust Bank Charter
The approval lets Coinbase provide federally supervised custody and transaction services for institutional clients under capital and liquidity conditions.
- 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 Global, the largest cryptocurrency broker in the United States, announced that it received the final approval of an important regulatory body to operate as a federally authorized trust bank. The measure is another example of the approach between digital asset companies and the traditional financial system. The license, approved last week by the Office of the United States Currency Controller (OCC), will allow Coinbase to expand its asse…
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