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. The charter allows Coinbase National Trust Company to hold digital assets on behalf of clients as a fiduciary.
The milestone follows an application in October 2025 and preliminary approval in April 2026, according to the OCC’s filing record.
What Coinbase plans to offer
According to its charter application, Coinbase plans to provide institutional clients with segregated custody accounts. Access to staking, financing and trading would come through other Coinbase entities.
The application also outlined plans to explore digital asset payment products and custody services that would let clients interact with select smart contracts. Those exploratory plans should be distinguished from the custody authority granted by the charter; the report does not establish that those products have launched.
For adoption, this is an institutional infrastructure development rather than evidence of increased usage. The supplied report gives no client counts, custody balances or activity data with which to measure uptake.
Other crypto firms’ charter status
Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos are among the other crypto companies that received OCC national trust bank charters. Crypto.com and Stripe-owned Bridge received conditional approval, while Kraken and EDX Markets were still pursuing charters at the time of the report.
Original source: Cointelegraph — Coinbase’s US national trust bank charter takes effect. Published November 9, 2026, at 19:38:52 UTC+8.
