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Coinbase Gets Conditional US Approval for Trust Charter, Bloomberg News Reports
The conditional green light could help Coinbase win more institutional clients and expand into tokenized securities and stablecoins, executives said.
- On Thursday, April 2, 2026, Coinbase Global received conditional approval from the U.S. Office of the Comptroller of the Currency for a national trust company charter, positioning the firm to operate as a federally regulated crypto custodian.
- The approval reflects a more crypto-friendly regulatory approach under President Donald Trump, with enforcement actions dialed back; Coinbase's move also aligns with the firm's strategy to reduce reliance on volatile trading fees.
- Greg Tusar, Coinbase vice president of product management, noted that full approval could enable new offerings like tokenized securities and stablecoins, though the structure prohibits taking deposits or loans.
- Paul Grewal, chief legal officer at Coinbase, said, "This next phase allows us to get into more detail." The company must still meet regulatory requirements before receiving final approval.
- Growing demand for regulated custody has prompted similar applications from Ripple and Citadel-backed EDX Markets, while Crypto.com received conditional approval for a national trust bank charter from the OCC earlier this year.
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Coinbase Receives Conditional Nod To Operate As National Trust Company—CEO Brian Armstrong Says 'We're No
Coinbase announces conditional OCC approval on Thursday, April 2, to form a federally chartered national trust company, a move poised to strengthen its digital‑asset custody and institutional offerings.
·New York, United States
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