Coinbase Wins Final OCC Approval to Charter a National Trust Company for Crypto Custody

Coinbase said Monday that it has final federal approval to charter Coinbase National Trust Company , a new national trust entity for its crypto custody business, after a Friday sign-off from the Office of the Comptroller of the Currency (OCC). The exchange did not say when the trust company will begin operating, when custody accounts will move to it, or what terms the approval carries. Coinbase said in the post that the charter brings “clear and consistent federal uniformity” to its custody business, which it said has safeguarded digital assets for more than 14 years.