Coinbase Global has received final approval from the Office of the Comptroller of the Currency to operate as a national trust bank, following conditional approval in April. The charter is intended to support the company’s institutional digital-asset custody business and broader payments strategy. Coinbase’s application also identified potential future support for stablecoins issued under its name or by other crypto companies, although the existing approval terms state that the charter does not authorize stablecoin issuance or commercial-bank payments access. As a trust bank, Coinbase cannot accept ordinary deposits or issue loans, but can provide fiduciary and custody services. The company plans to move custody operations from Coinbase Custody Trust Company, a New York limited-purpose trust company, over a three-year de novo period. Coinbase joins Circle Internet Group and Ripple among the small number of crypto firms to complete the national trust-charter process. The Independent Community Bankers of America has sued the OCC, arguing that the agency exceeded its authority by approving crypto companies for such charters.