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11/09/2026

Coinbase’s Federal Trust Charter Moves Into Effect

What happened: Coinbase received final, unconditional OCC approval for Coinbase National Trust Company on November 6, with the charter effective November 9, following its October 2025 application and

Coinbase’s Federal Trust Charter Moves Into Effect

What happened: Coinbase received final, unconditional OCC approval for Coinbase National Trust Company on November 6, with the charter effective November 9, following its October 2025 application and preliminary approval in April 2026. The entity will hold institutional clients’ digital assets as a fiduciary in segregated custody accounts, with adjacent staking, financing and trading access provided through other Coinbase entities. Reported conditions include $60 million in Tier 1 capital for the first three years and migration of the existing custody business over three years.

Why it matters: The federal charter gives institutional customers a specific supervisory structure to evaluate, extending a custody business that already held a New York trust charter dating to 2018. The capital requirement and migration timetable make implementation more consequential than the approval headline alone: clients will need to assess the custody entity, account arrangements and relationships with affiliated service providers as the transition proceeds. Coinbase is also exploring digital asset payment products and smart-contract interaction services, but those plans should be distinguished from the approved custody operation, while Senator Elizabeth Warren’s objections and the Independent Community Bankers of America’s lawsuit leave the broader charter policy contested.

Source: Decrypt; Cointelegraph; PYMNTS.