DECRYPT · 2026-11-09 11:50 UTC

Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank Charter

The OCC gave final approval to Coinbase to charter Coinbase National Trust Company, approved last Friday according to Coinbase. The charter lets Coinbase expand its institutional crypto custody business under a federal framework; Coinbase has offered regulated custody since 2018. Circle and Ripple received final approval earlier, while Block, Payward, and a World Liberty Financial-linked firm are still awaiting final approval; Sen. Warren and the Independent Community Bankers of America oppose the approvals.

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