Coinbase Wins Final OCC Charter for Federal Crypto Custody

Coinbase has received final approval from the Office of the Comptroller of the Currency to charter Coinbase National Trust Company, bringing its custody business under a federal regulatory framework. The company said the charter will expand its institutional custody capabilities and provide more consistent national oversight. The approval gives Coinbase a federally regulated structure for institutional crypto custody while preserving its existing custody operations.

Coinbase said custody has been a core part of its business for more than a decade and that it serves major financial institutions safeguarding digital assets at scale. The company previously built its custody framework through the New York Department of Financial Services, including a 2018 limited purpose trust charter for Coinbase Custody Trust Company. Coinbase National Trust Company now adds federal supervision to that regulatory foundation.

The company plans to use the charter to continue expanding custody services while maintaining its focus on security, compliance and regulatory oversight. Coinbase said the OCC approval brings its trust activities into a more uniform federal framework and aligns digital-asset custody more closely with traditional financial infrastructure. The next metric to watch is institutional adoption of the federally chartered structure as Coinbase broadens its custody offering.

Source: Coinbase.

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