Coinbase receives full US trust charter from the OCC

The exchange's custody business moves toward federal oversight as the OCC puts the GENIUS Act's stablecoin framework into practice Coinbase now holds a full national trust charter from the Office of the Comptroller of the Currency. The largest US crypto exchange can now run its custody business under a federal banking regulator instead of relying only on a state license. The company is not alone. Ripple has reached the same status, and a growing list of other firms are collecting provisional trust charters as the OCC puts the GENIUS Act into practice. What Coinbase actually got The new entity is called the Coinbase National Trust Company. It is a de novo national trust bank, meaning it was built from scratch rather than acquired. Its main job is fiduciary digital asset custody. The process took time. Coinbase filed its application on October 3, 2025, and received conditional approval on April 2, 2026. The charter has clear limits. It does not cover retail deposits, lending or fractional reserve banking. Coinbase also keeps its existing New York state trust charter and its BitLicense. The company is adding a federal layer on top of its state licenses, not replacing them overnight. T...