Coinbase moves toward a federal trust charter after conditional OCC approval, aiming to strengthen custody services
Coinbase has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust company, moving the firm closer to a federal trust charter [1] [2].
Reports say the approval would allow Coinbase to expand its custody services under federal oversight, but the authorization remains conditional and subject to additional compliance requirements and final OCC review [2] [3].
Coverage notes Coinbase joins other crypto firms that have secured trust charters, such as Ripple and Fidelity, and that the move could bolster institutional confidence in crypto custody, according to CryptoBriefing [4] [3].
The OCC action is conditional; Coinbase must satisfy outstanding regulatory conditions before it can operate as a federally regulated national trust entity [1] [2] [3].
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Citations
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- 1Coinbase Receives Conditional OCC Approval to Form National Trust CompanyBitcoin Magazine• Apr 2, 2026
- 2Coinbase wins initial bank regulator nod for trust charter, boosting custody pushCoinDesk• Apr 2, 2026
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- 4Coinbase wins OCC nod to become a national trust bank, joining Ripple, FidelityCrypto Briefing• Apr 2, 2026
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