Coinbase’s US national trust bank charter takes effect
Coinbase plans to expand its institutional crypto custody business under the federal charter and is exploring digital asset payment products.
Coinbase’s national trust bank charter took effect on Friday, according to the US Office of the Comptroller of the Currency (OCC).
The applied for the charter in October 2025 and received preliminary approval in April 2026, according to the OCC’s filing record. The charter allows Coinbase National Trust Company to hold digital assets on behalf of clients as a fiduciary, according to the OCC’s preliminary approval letter.
Coinbase plans to offer institutional clients segregated custody accounts, with access to staking, financing and trading through other Coinbase entities, according to its charter application.