Coinbase obtains an unconditional national trust charter

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Coinbase announced that its subsidiary, Coinbase National Trust Co., obtained an unconditional national trust charter after 13 months of applying to the OCC. The charter allows it to provide digital asset custody, settlement, and stablecoin reserve management under the OCC’s federal framework, while continuing to work with NYDFS. The company will start with its core custody business before expanding into other models.