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Regulation & Policy · 1 min read

Coinbase Secures OCC Approval for National Trust Company Charter

The federal green light establishes Coinbase National Trust Company, shifting its institutional crypto custody operations under a single nationwide regulatory framework.

Editorial oversight: Julian Mercer, Chief Editor
Neutral
$BTC $74,729 −1.4% $ETH $2,122 −5.0%

At a glance Final

What happened
The OCC granted final approval to charter Coinbase National Trust Company for institutional digital asset custody.
Why it matters
The decision places Coinbase's trust and custody activities under a direct federal banking regulatory framework.
Who is affected
Coinbase and institutional clients utilizing its digital asset custody services.
What's next
No next step announced.
Primary source
coinbase.com: Coinbase launches National Trust Company with federally regulated, institutional-grade custody offering

Key points

  • The OCC granted final approval to charter Coinbase National Trust Company, establishing a federal regulatory framework for its custody services.
  • The OCC approved Coinbase's trust company application on the Friday preceding the Nov. 9, 2026 announcement.
  • Coinbase previously operated its custody offering under a 2018 New York limited purpose trust charter issued by the NYDFS.

Coinbase received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company, the exchange announced on Nov. 9, 2026 1. The federal charter permits the digital asset platform to expand its institutional custody operations under federal banking oversight 1. According to Coinbase, the OCC approved the application on the Friday preceding the announcement 1.

Coinbase has provided digital asset custody services for more than 14 years 1. The company's custody architecture previously operated under a New York limited purpose trust charter secured through the New York Department of Financial Services (NYDFS) by Coinbase Custody Trust Company in 2018, which followed Coinbase Inc. obtaining an NYDFS BitLicense in 2017 1. The firm stated that the new OCC charter builds upon its NYDFS compliance history by establishing federal uniformity across its trust activities 1.

Institutional Custody Oversight

The approval places Coinbase National Trust Company under a federal banking supervisor 1. Coinbase stated that the OCC charter aims to align digital asset custody with standard financial market infrastructure relied upon by institutions and individual clients 1. At the time of writing, $BTC traded down 2.0% over the prior 24 hours at $74,322, while $ETH fell 5.6% to $2,112.

The company described the charter approval as a step toward establishing consistent regulatory oversight for American digital asset services 1. Coinbase did not detail launch timelines or operational changes for existing custody clients in its initial announcement 1.

Sources

  1. [1] Coinbase launches National Trust Company with federally regulated, institutional-grade custody offering — coinbase.com, November 9, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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