Brian Armstrong, the CEO of Coinbase, posted on X on November 9, 2026 emphasizing the importance of trusted custody for expanding on‑chain financial services. He argued that reliable custodial solutions are a prerequisite for mainstream adoption of blockchain technology by traditional finance institutions.

“Trusted custody is essential for bringing more of the financial system onchain. Coinbase National Trust Company is another step for building that foundation.”

— Brian Armstrong (@brian_armstrong) on X · X ↗

Context

Armstrong announced the launch of Coinbase National Trust Company, a new regulated entity designed to provide custodial services under U.S. trust law. This move aims to bridge the gap between crypto assets and the broader financial system, offering institutional investors a familiar legal framework for holding digital assets.

The announcement matters because custody has long been a barrier for banks and asset managers considering crypto exposure. By creating a nationally chartered trust, Coinbase seeks to lower regulatory friction and attract more institutional capital to on‑chain markets.

Brian Armstrong is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.