Coinbase wins OCC nod to become a national trust bank, joining Ripple, Fidelity

Coinbase has secured conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust charter, advancing its push into federally regulated financial services.

The move is expected to enhance its appeal to institutional clients, with the company already serving as a major custodian for digital asset ETFs. While Coinbase holds a limited-purpose trust license in New York, a federal charter would allow it to access a wider client base.

Final approval remains contingent on meeting regulatory conditions, including organizational and compliance milestones.

This is a developing story. Please check back for further updates.

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