Coinbase launches national trust company after US banking approval
Chief Executive Brian Armstrong said trusted custody is vital for moving financial systems onchain after securing a federal charter from the US banking regulator.
Key takeaways
- 1Coinbase launched Coinbase National Trust Company following federal regulatory approval on 9 November 2026.
- 2The new trust entity received approval from the US Office of the Comptroller of the Currency.
- 3Chief Executive Brian Armstrong cited trusted custody as key to migrating traditional finance onto blockchain networks.
Coinbase Chief Executive Brian Armstrong said trusted custody is essential for bringing more of the global financial system onchain, speaking alongside the launch of the Coinbase National Trust Company on 9 November 2026. The company established the new trust entity after securing formal charter approval from the US Office of the Comptroller of the Currency.
The national trust charter enables Coinbase to offer institutional digital asset custody services under direct federal banking oversight in the United States. Armstrong explained that building secure, regulated custody infrastructure remains the single most critical requirement for conventional financial institutions looking to issue, hold or settle assets on blockchain networks.
Coinbase is a major US-based digital asset exchange and custodian that provides execution and storage infrastructure for retail investors and institutional market participants alike. Securing a national trust charter allows a digital asset company to operate under a single federal framework across all US jurisdictions, providing an alternative to managing separate state-by-state money transmitter licences.
The regulatory approval points to deeper integration between federal banking supervisors and cryptocurrency custodians seeking institutional capital. Market participants will watch how institutional clients migrate their holdings to the new national trust entity and whether other major digital asset firms pursue similar federal trust charters from the banking regulator in the coming months.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.