Coinbase launches National Trust Company with federally regulated, institutional-grade custody offering

November 10, 2026 • 0 Comment

Coinbase received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company (CNTC), “a milestone which allows us to expand our industry-leading custody business under a federal regulatory framework” – according to the press release.

Last Friday, the OCC approved our application to charter Coinbase National Trust Company. This is an important next chapter for Coinbase and for the trusted custody services we have built for more than a decade.

“For over 14 years, Coinbase has safeguarded digital assets at scale, and today, thanks to the continued trust and support of many of the world’s largest financial services firms, we are the leading crypto custodian globally. Custody is foundational to our business and we have built our offering on a sustained commitment to security, compliance, and regulatory oversight. This charter allows us to bring clear and consistent federal uniformity to our industry-leading custody capabilities, and strengthens the regulatory framework under which we serve customers. As crypto becomes more embedded in the financial system, this is an important step towards aligning digital-asset custody with the traditional financial infrastructure on which institutions and individuals know and rely.” – the company said.

Coinbase has long believed that engaging constructively with regulators is essential to building products and services that our clients can trust. Our work with the New York Department of Financial Services (NYDFS) – starting in 2017 with Coinbase Inc.’s bitlicense and Coinbase Custody Trust Company’s 2018 approval for a New York limited purpose trust charter – has helped us establish and uphold high standards for security, compliance, and customer protection. The OCC approval marks the next iteration of that commitment: bringing Coinbase National Trust Company’s trust activities into a consistent federal regulatory framework, while building on the strong foundation we developed with NYDFS.

This is an important step forward for Coinbase and the broader crypto industry. Coinbase has always pursued clear, consistent and best-in-class regulatory oversight that will move the financial industry, and American leadership in digital assets forward. The OCC’s approval of the charter helps us progress towards that vision as we work to build the future of finance across Coinbase.