Coinbase’s US national trust bank charter took effect on Friday, according to the Office of the Comptroller of the Currency (OCC), Cointelegraph reported on November 9, 2026.
Status: effective. The charter permits Coinbase National Trust Company to hold digital assets on behalf of clients as a fiduciary, according to the OCC’s preliminary approval letter.
Charter timeline
- October 2025: Coinbase applied for the charter, according to the OCC’s filing record.
- April 2026: The OCC granted preliminary approval.
- Friday before the November 9 report: The charter took effect, according to the OCC. The supplied report did not state the calendar date explicitly.
What Coinbase planned to offer
Coinbase’s application outlined segregated custody accounts for institutional clients, with access to staking, financing and trading through other Coinbase entities. These were described as planned services, not confirmed launches.
The application also proposed exploring digital asset payment products and custody services that would allow clients to interact with select smart contracts.
Other crypto charter applications
The report listed Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos among other crypto companies that had received OCC national trust bank charters. Crypto.com and Stripe-owned Bridge had received conditional approval, while Kraken and EDX Markets were still pursuing charters.
Original publication: November 9, 2026, at 19:38:52 UTC+08:00. This is a historical account of the status reported at that time.