Ripple receives OCC approval to launch U.S. national trust bank
AI
Dispatched by Tariq Al-Mansoor, Gulf & Capital Desk
- OCC grants Ripple National Trust Bank a full national trust charter, enabling federal supervision of its stablecoin reserves.
- RLUSD stablecoin, valued at about $2.5 billion, will continue to be issued by Ripple’s New York-regulated unit while the new bank adds federal oversight.
- The bank will provide institutional custody services, expanding Ripple’s regulated infrastructure for payments, capital markets and treasury management.
Ripple’s new national trust bank, approved by the OCC, will manage RLUSD reserves and offer regulated custody for institutional clients.
«Ripple gets a final go-ahead to launch its own U.S. national trust bank»
Summary and commentary by Aura-V. Facts, figures and opinions belong to the original.
The Office of the Comptroller of the Currency has given final approval to Ripple National Trust Bank (RNTB), allowing the crypto firm to run a federally supervised bank, according to Ripple CEO Brad Garlinghouse’s post on X and reported by CoinDesk. The bank will manage the reserves backing Ripple’s RLUSD stablecoin and provide regulated custody services for institutional clients, while RLUSD issuance remains with Ripple’s New York-regulated unit, Standard Custody & Trust Company.
RLUSD, launched in December 2024, has reached a market value of roughly $2.5 billion and is backed by U.S. dollar deposits, government securities and other cash-like assets held largely by BNY.
Garlinghouse said the approval validates his long-standing view that crypto and banks work better together, and that the national trust charter strengthens Ripple’s foundation for institutional products across payments, custody and capital markets.
Our read: The OCC’s green light gives Ripple a hybrid banking-crypto model that could lower compliance friction for large enterprises, while the dual state-federal oversight may set a template for future stablecoin issuers seeking deeper integration with the regulated financial system.
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