The Office of the Comptroller of the Currency (OCC) approved Coinbase National Trust Company's charter application, allowing Coinbase to operate its custody business under a national trust charter.
According to The Daily Hodl, the largest crypto company in the US previously relied on a patchwork of state-level arrangements for its custody business, which will now operate under a single federal framework.
· The change affects how the custody business is organized; it does not involve the launch of any new assets or products.
· The source material did not disclose specific client lists, custody volumes, or effective conditions.
For institutional clients, which matters more to you: the consistency of a federal framework, or the details of custody asset segregation and audits?
According to The Daily Hodl, the largest crypto company in the US previously relied on a patchwork of state-level arrangements for its custody business, which will now operate under a single federal framework.
· The change affects how the custody business is organized; it does not involve the launch of any new assets or products.
· The source material did not disclose specific client lists, custody volumes, or effective conditions.
For institutional clients, which matters more to you: the consistency of a federal framework, or the details of custody asset segregation and audits?
