Regulatory Alerts2026-04-02 | Corporate Decision 1370Added
Corporate Decision 1370 — Application to charter Coinbase National Trust Company, New York, NY
The OCC grants preliminary conditional approval for Coinbase Global, Inc. to establish Coinbase National Trust Company, a wholly owned subsidiary, as a national trust bank in New York. The Bank is authorized to provide digital asset custody services in a fiduciary capacity and must limit operations to trust company activities, excluding insured deposit-taking and Bank Holding Company Act bank definitions. Final approval is contingent upon meeting pre-opening requirements, including maintaining $60 million in tier 1 capital with specific liquidity ratios and securing OCC no-objection letters for senior executive and director appointments.