Coinbase Wins Conditional OCC National Trust Charter Approval
Coinbase said Thursday it secured conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The designation, while not final, signals formal recognition from a key federal regulator and lays groundwork for broader custody and fiduciary offerings for digital assets.
The approval matters because a national trust charter can strengthen institutional trust and operational scope, potentially affecting liquidity and product rollout on U.S. platforms — including markets for tokens such as XRP. Coinbase must still satisfy OCC conditions and complete any remaining supervisory steps before full bank operations begin, but the development is a positive regulatory milestone for the company's expansion and for crypto firms seeking clearer bank-like pathways.