Coinbase wins OCC nod to become a national trust bank, joining Ripple, Fidelity
Crypto Briefing
Coinbase has received conditional approval from the OCC for a national trust charter to expand its federally regulated financial services.Summary
Coinbase has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. This federal charter is expected to strengthen the company's position in the institutional market, building upon its existing role as a custodian for digital asset ETFs. While the company currently operates under a New York limited-purpose trust license, this federal authorization would allow it to serve a broader client base. Final approval is subject to Coinbase meeting specific organizational and compliance requirements set by regulators.
(Source：Crypto Briefing)