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Coinbase has secured conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust charter, advancing its push into federally regulated financial services, the company announced Thursday.
The move is expected to enhance its appeal to institutional clients, with the company already serving as a major custodian for digital asset ETFs. While Coinbase holds a limited-purpose trust license in New York, a federal charter would allow it to access a wider client base.
Final approval remains contingent on meeting regulatory conditions, including organizational and compliance milestones.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
