Key Takeaways:
- The OCC granted Coinbase final approval to form Coinbase National Trust Company.
- The federal charter confers on a uniform framework that allows the exchange to further its digital asset custody activities.
- With over 14 years of holding crypto assets under custody, Coinbase is set to start with its fundamental custody services.
Now, Coinbase has gotten the final regulatory nod from the U.S. Office of the Comptroller of the Currency (OCC) to approve the nation’s trust company. The approval is for the exchange to continue to grow the portion of its activity it is regulated for by the federal government as an institution charging custody fees to hold securities.
Coinbase Secures OCC Approval for National Trust Company
Coinbase announced that the OCC approved the charter for Coinbase National Trust Company (CNTC) on Friday, November 6. The company said that the move represents a fresh page in its history as a custody provider for institutional and other customers for over 10 years.
Introducing Coinbase National Trust Company, our federally chartered trust company.
OCC approved. https://t.co/jhqyDdFyLk
— Coinbase ????️ (@coinbase) November 9, 2026
The federal charter will offer a more uniform regulatory structure for Coinbase’s trust work. As digital assets increasingly link up with the traditional financial sector, the company will be better equipped to supervise its custody activities, it said.
Security and compliance and regulatory supervision are at the heart of Coinbase’s custody business. Additionally, it noted that support from key financial institutions is aiding it in its rise in the global crypto custody sector.
Read More: Coinbase Launches AI Agent Sign-Ups for Crypto Trading with Built-In Safety Limits
A Federal Framework Builds on Existing State Oversight
The approval comes on the heels of Coinbase’s previous regulatory ties with New York officials. The company received a BitLicense from the New York Department of Financial Services (NYDFS) in 2017. In 2018, Coinbase Custody Trust Company then applied for a New York chartered New Purpose Trust Company.
Another step in this federal regulatory approach is CNTC’s federal charter. Coinbase noted that they will run consistent and nationalized trust operations across Coinbase and build on their experience as a NYDFS trust.
Institutional Custody Is the Initial Focus
The new entity will start on its most core operation, the custody of digital assets, Coinbase said. The federal nod provides a more solid foundation for it to serve institutional clients, such as the financial companies that might be looking for regulated structures.
As conventional financial entities increasingly get interested in digital assets, the development highlights. Institutions requiring security measures, compliance protocols, and oversight from regulatory bodies must have reliable custody solutions before coming to market.
Coinbase also referenced its collaborations with large financial institutions like BlackRock, Circle, Franklin Templeton and Mastercard. Such relationships are part of the firm’s ongoing efforts to bring crypto services into the mainstream of financial institutions.
An important focus of conversations with regulators has been the development of services that customers can trust, Coinbase said in its statement. The following day, the company welcomed the OCC’s decision as part of a broader initiative to set forth a transparent framework for digital asset firms in the U.S.
Read More: Coinbase Targets $24/5 Stock Perps in First U.S. Push for Single-Stock Crypto Futures
The post Coinbase Wins Federal Trust Charter, Launching National Trust Company appeared first on CryptoNinjas.
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