Coinbase said on Nov. 9 that the U.S. Office of the Comptroller of the Currency gave final approval to charter Coinbase National Trust Company. The regulator signed off on Nov. 6, following conditional approval in April.
The charter gives Coinbase a federally regulated entity through which it can offer digital asset custody to institutions. For those clients, the change is in who safeguards the assets and which regulator oversees that service.
Source: https://www.coinbase.com/en-gb/blog/coinbase-launches-national-trust-company-with-federally-regulated-institutional-grade-custody-offering
#Coinbase #CryptoCustody #DigitalAssets
The charter gives Coinbase a federally regulated entity through which it can offer digital asset custody to institutions. For those clients, the change is in who safeguards the assets and which regulator oversees that service.
Source: https://www.coinbase.com/en-gb/blog/coinbase-launches-national-trust-company-with-federally-regulated-institutional-grade-custody-offering
#Coinbase #CryptoCustody #DigitalAssets
