Coinbase intends to scale up its corporate crypto safekeeping operations pursuant to the federal license and is investigating payment solutions powered by digital assets.
The national trust bank permit for Coinbase became active on Friday, as reported by the Office of the Comptroller of the Currency (OCC) in the United States.
The organization sought the license in October 2025 and secured conditional clearance in April 2026, according to documentation in the OCC filing record. The certification permits the Coinbase National Trust Company to manage digital assets on behalf of customers in a fiduciary capacity, as outlined in the OCC’s preliminary approval letter.
Coinbase plans to provide enterprise-grade customers with isolated custody portfolios, alongside connectivity to staking, lending, and market execution services via other Coinbase corporate bodies, according to its charter application.
The application from Coinbase additionally detailed strategies to investigate digital asset transaction solutions and custody offerings that would permit users to engage with specific smart contracts.
Additional digital asset enterprises that have secured OCC national trust bank credentials comprise Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos.
Crypto.com and Stripe-owned Bridge have obtained conditional authorization, whereas Kraken and EDX Markets continue pursuing their respective credentials.
Related: Hyperliquid Strategies seeks futures registration for perps
Originally published at https://cointelegraph.com/news/coinbase-occ-approval-national-trust-bank-charter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
