The Office of the Comptroller of the Currency gave final approval on November 6, 2026 to charter Coinbase National Trust Company, Coinbase said on November 9, after conditional approval in April. The charter lets Coinbase provide digital asset custody, settlement and stablecoin reserve management under a federal framework, Banking Dive reported, and it does not allow the trust to take deposits or make loans.
Why it matters: Coinbase joins Ripple, Circle and BitGo among crypto firms with OCC trust charters, which gained appeal after the GENIUS Act cleared a path for federal trusts to issue compliant stablecoins, CoinDesk reported. Coinbase said it will start with its custody business, and the Independent Community Bankers of America has sued the OCC over the trust charters it has granted to crypto firms.
Source: Coinbase, November 9, 2026; Banking Dive, November 9, 2026; CoinDesk, November 9, 2026
Related: Ripple wins final OCC approval for its national trust bank · PNC Bank pilots incoming USDC payments for corporate clients with Coinbase
Image: ajay_suresh, CC BY 2.0, via Wikimedia Commons
