Coinbase Wins Final OCC Approval to Charter a National Trust Company for Crypto Custody

Brief

By Dextape Desk · November 9, 2026

Coinbase said Monday it received final federal clearance for Coinbase National Trust Company, a new trust entity meant for crypto custody operations, following Friday's sign-off by the OCC. It has not disclosed a start date, a timetable for moving custody accounts, or the approval's conditions. The company said the charter brings consistent federal standards to a unit that has kept digital assets secure for over 14 years. Trust charters are narrower than bank licenses, since Austin Campbell of Zero Knowledge Group explained that such trust banks cannot lend customer deposits but can hold assets and manage stablecoin reserves. Coinbase said the charter could widen custody services and later support payment or stablecoin offerings, without giving details or dates.

Why it matters: It shows federal regulators continuing to admit crypto custodians into the national trust charter system, even as a bank trade group challenges the rules in court.

Mentioned: Coinbase

Summary by Dextape, based on reporting by Unchained. Machine-written from Unchained’s report and checked against it · How Dextape writes