Coinbase Trust Charter Takes Effect as Federal Custody Oversight Expands

New York, 9 November 2026 – Coinbase Global, Inc. has completed the federal chartering process for Coinbase National Trust Company, with the United States Office of the Comptroller of the Currency recording the charter as effective on 6 November 2026. The development moves the New York trust company beyond the preliminary conditional approval granted on 2 April.

For Asian institutions evaluating digital-asset custodians, the change provides a clearer federal supervisory framework for the entity holding client assets. It does not turn cryptocurrency holdings into insured bank deposits or make Coinbase a conventional retail bank. Those distinctions matter when comparing custody arrangements, assessing counterparties and deciding which protections apply to an investment. Cross-border clients should assess those protections at the contracting-entity level, not simply by group name.