OCC grants Coinbase National Trust Company a full federal trust charter
The OCC gave final approval on November 6, 2026, upgrading Coinbase's conditional April charter for a federally chartered trust bank housing its institutional custody business.
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The Office of the Comptroller of the Currency gave final approval on November 6, 2026, upgrading the conditional charter Coinbase received in April 2026.
The Office of the Comptroller of the Currency gave final approval on November 6, 2026, to Coinbase National Trust Company, a federally chartered trust bank that will house Coinbase’s institutional custody business. Coinbase announced the full charter, CoinDesk reported on November 9, 2026.
The approval upgrades the conditional charter Coinbase received in April 2026. Ledger Insights reported that Coinbase plans to move its entire custody operation over three years from Coinbase Custody Trust Company, its New York state-chartered trust company, to the new federal entity.
The charter allows the bank to provide digital asset custody as a fiduciary, mainly for institutional clients, and to transfer custodied fiat and digital assets. It does not make Coinbase a full-service bank. The trust company cannot take deposits or make loans. Staking, prime trading and prime financing stay with other Coinbase companies, according to Ledger Insights. The bank acts as an introducer, connecting custody clients to those affiliates.
“We’ve spent years asking for clear rules and rigorous oversight,” Coinbase Vice Chairman Ryan VanGrack said.
Coinbase is not the first crypto firm to receive a full OCC trust charter. Ripple received one in October 2026, CoinDesk reported, and several other crypto firms hold conditional charters.
The approvals have drawn a legal challenge. The Independent Community Bankers of America sued the OCC in October, arguing the regulator overstepped its authority by granting trust charters to crypto firms.