Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank Charter

Coinbase Secures Final Federal Trust Charter; Circle and Ripple Join Crypto Banking Regulatory Wave

In brief

• Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company.
• The charter brings Coinbase’s institutional crypto custody business under a single federal regulator, building on its existing New York trust charter.
• Coinbase is the latest crypto firm to secure a national trust charter this year, following approvals from Circle and Ripple after banking groups challenged the decisions in court.

Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company, the crypto exchange said on Monday.

The OCC gave final approval to the application last Friday, according to Coinbase. The firm said the charter will enable it to expand its custody business, which holds digital assets on behalf of institutional clients, under a unified federal regulatory framework.

“Custody is foundational to our business,” the company stated, describing itself as the leading crypto custodian globally. The charter will “bring clear and consistent federal uniformity” to its custody operations.

Trusted custody is essential for bringing more of the financial system on-chain, the company said in a tweet by CEO Brian Armstrong on Monday, calling the trust company “another step for building that foundation.”

Trusted custody is essential for bringing more of the financial system onchain.

Coinbase National Trust Company is another step for building that foundation.

— Brian Armstrong (@brian_armstrong) November 9, 2026

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