Coinbase’s National Trust Bank Charter Takes Effect
Coinbase National Trust Company can now hold digital assets for clients as a fiduciary after its national trust bank charter took effect Friday, the OCC said.
Coinbase National Trust Company’s national trust bank charter took effect Friday, allowing the subsidiary to hold digital assets for clients as a fiduciary, according to the Office of the Comptroller of the Currency.
Coinbase applied for the charter in October 2025 and received preliminary approval from the OCC in April 2026. The charter authorizes the subsidiary to provide institutional crypto custody services under a federal framework.
Coinbase plans to offer institutional clients segregated custody accounts, according to its charter application. Clients are expected to access staking, financing and trading through other Coinbase entities while their assets remain with Coinbase National Trust Company.
The application also described plans to explore digital asset payment products and custody services that would let clients interact with selected smart contracts. The charter does not confirm that these products have launched.
Other crypto companies with OCC national trust bank charters include Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos. Crypto.com and Stripe-owned Bridge have received conditional approval, while Kraken and EDX Markets are still seeking charters.
Reviewed and fact-checked by Alex Panasenko on November 9.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
