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Coinbase and Circle Launch National Trust Banks Amid Regulatory Changes

Coinbase and Circle Launch National Trust Banks Amid Regulatory Changes

First seen 9 Nov 2026, 13:38 UTC • •
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ThreatCluster AI
ThreatCluster •November 9, 2026 at 13:38 UTC
  • •Coinbase's national trust bank charter allows fiduciary custody of digital assets.
  • •Circle National Trust aims to enhance USDC's infrastructure under federal regulation.
  • •The OCC's approvals mark significant regulatory milestones for the crypto industry.

On November 9, 2026, Coinbase's national trust bank charter took effect, allowing it to hold digital assets for clients as a fiduciary. This charter, approved by the OCC, enables Coinbase to expand its institutional crypto custody services and explore digital asset payment products. Circle also received OCC approval for its national trust bank, Circle National Trust, which will provide federally regulated custody for its USDC stablecoin. Both companies aim to enhance the security and transparency of digital asset management under federal oversight. Other crypto firms like Ripple and Fidelity Digital Assets have also obtained similar charters, indicating a growing trend in the regulation of cryptocurrency custody services.

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Timeline

2025-10-01
Coinbase applies for national trust bank charter
Coinbase submitted its application to the OCC to establish a national trust bank.
Cointelegraph
2026-04-01
Coinbase receives preliminary OCC approval
The OCC granted preliminary approval for Coinbase's national trust bank charter.
Cointelegraph
2026-07-10
Circle receives OCC approval for national trust bank
Circle Internet Group announced the approval to establish Circle National Trust, enhancing USDC's regulatory framework.
Circle
2026-11-09
Coinbase's national trust bank charter takes effect
Coinbase National Trust Company officially begins operations under the new charter.
Cointelegraph

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Common questions

What services will Coinbase offer?
Coinbase plans to provide institutional clients with segregated custody accounts and access to staking, financing, and trading.
What is Circle National Trust's role?
Circle National Trust will offer fiduciary digital asset custody services, enhancing the infrastructure for USDC.
How does federal oversight affect these banks?
Federal oversight ensures that both banks adhere to strict fiduciary standards, enhancing the safety and transparency of digital asset management.