Coinbase Petitions OCC for Trust Charter, Citing Need for Regulatory Clarity
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In a significant move for the industry, Coinbase has formally applied for a national trust company charter with the Office of the Comptroller of the Currency.
The company’s leadership frames the application as a necessary step to operate within a well-defined regulatory perimeter, which they argue is essential for fostering “continued innovation to integrate digital assets into traditional finance.”
By joining firms like Paxos and Ripple in this pursuit, Coinbase is signaling a strategic shift towards deeper collaboration with federal regulators, all while firmly denying any plans to enter the banking business.
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