Coinbase Receives Conditional OCC Approval to Form National Trust Company
Coinbase has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust company, marking a regulatory milestone for the company. The approval will provide federal oversight for Coinbase's custody business and bring uniform federal standards to its digital asset custody services.
Coinbase has received conditional approval to form a national trust company. The company will provide federal oversight for its custody business. The charter is intended for custody services, not commercial banking. Coinbase will meet regulatory conditions before the charter becomes operational. The company aims to bring uniform federal standards to its digital asset custody services. The approval reflects a broader regulatory shift toward structured supervision of crypto-native business models.
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