Coinbase’s national trust bank charter took effect on Friday, according to the US Office of the Comptroller of the Currency. The company applied for the charter in October 2025 and received preliminary approval in April 2026. The authorization allows Coinbase to hold digital assets on behalf of clients as a fiduciary. It plans to offer institutional clients segregated custody accounts, alongside digital asset payment products and custody services enabling clients to interact with selected smart contracts. Other crypto companies that have received or are pursuing similar authorization include Ripple, Circle, BitGo, Fidelity Digital Assets, Paxos, Crypto.com, Bridge, Kraken and EDX Markets.
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