Coinbase has obtained a full national trust charter from the OCC for its new entity, Coinbase National Trust Company, which was created from scratch. The trust bank will focus on fiduciary digital asset custody, with its transition from New York’s framework set to take three years. The charter does not authorize retail deposits, lending or fractional reserve banking. As of mid-2025, Coinbase held $245.7 billion in institutional custody assets, while total assets on its platform reached $376 billion at the end of 2025. The approval is part of the implementation of the GENIUS Act, signed into law in July 2025, which establishes a regulatory framework for payment stablecoins.
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