Coinbase’s national trust bank charter took effect on Friday, according to the US Office of the Comptroller of the Currency (OCC), Cointelegraph reported on November 9, 2026, at 19:38:52 UTC+8.
The company applied in October 2025 and received preliminary approval in April 2026, according to the OCC’s filing record.
What the charter allows
The OCC’s preliminary approval letter says the charter permits Coinbase National Trust Company to hold digital assets on clients’ behalf as a fiduciary.
In its application, Coinbase outlined plans to offer institutional clients segregated custody accounts, with access to staking, financing and trading through other Coinbase entities. That distinction matters: those additional services were described as being provided through separate Coinbase entities, not directly by the trust company.
Coinbase also proposed exploring digital asset payment products and custody services that would let clients interact with select smart contracts. These were application plans; the supplied report does not establish that those products have launched.
Where Coinbase fits in the charter push
Other crypto companies that received OCC national trust bank charters include Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos. Crypto.com and Stripe-owned Bridge received conditional approval, while Kraken and EDX Markets were still pursuing charters at the time of the report.
The concrete development is the charter taking effect. The report does not provide figures on client adoption or custody volumes, so it does not establish how much business the new structure will attract.