OCC approval of Coinbase trust bank charter illustration

OCC Grants Preliminary Approval for Coinbase National Trust Company

WASHINGTON, April 2 — The Office of the Comptroller of the Currency has granted preliminary conditional approval to Coinbase Global Inc.’s application to establish Coinbase National Trust Company in New York, a proposed national trust bank that would provide digital asset custody services as a fiduciary, primarily for institutional clients, according to OCC Corporate Decision No. 1370 dated April 2.

OCC Regulatory Document

Nomura-Backed Laser Digital Applies for U.S. National Trust Bank Charter

Laser Digital Americas Group Holdings Inc., the digital asset subsidiary of Japanese financial group Nomura Holdings, said it has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to form a federally regulated national trust bank focused on digital asset custody and trading services, according to a company press release distributed via GlobeNewswire.