Coinbase’s national trust bank charter took effect on Friday, according to the US Office of the Comptroller of the Currency (OCC), Cointelegraph reported on Nov. 9, 2026.
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. The OCC’s filing record shows Coinbase applied in October 2025 and received preliminary approval in April 2026.
Custody plans and related services
In its charter application, Coinbase outlined plans to offer institutional clients segregated custody accounts, with access to staking, financing and trading through other Coinbase entities.
The application also described plans to explore digital asset payment products and custody services that would let clients interact with select smart contracts. These were proposed services in the application, rather than confirmed product launches in the report.
Other crypto firms pursuing charters
The report also listed Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos among crypto companies that had received OCC national trust bank charters. Crypto.com and Stripe-owned Bridge had received conditional approval, while Kraken and EDX Markets were still pursuing charters.
Original source: Cointelegraph, published Nov. 9, 2026, at 19:38:52 UTC+8.