Coinbase received conditional approval from the OCC to establish Coinbase National Trust Company, a non-insured national trust bank in New York. Coinbase said the charter would replace its state-by-state licensing model with OCC oversight for custody, safekeeping, and related digital asset services. Coinbase must still complete compliance and risk-management requirements before it can receive a full charter. Coinbase's chief legal officer said the company also plans to explore payment infrastructure products and broader USDC use.