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.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.