Ripple gets final OCC approval for trust bank launch
6.7 Banking Ripple received final OCC approval to launch a federally supervised trust bank, enabling RLUSD reserve management and digital asset custody. This marks a major regulatory milestone for Ripple's crypto services.
Ripple has secured final approval from the U.S. Office of the Comptroller of the Currency (OCC) to launch Ripple National Trust Bank (RNTB), a federally supervised national trust bank. This charter enables RNTB to manage reserves backing Ripple’s RLUSD stablecoin and offer regulated digital asset custody services to institutional clients. The approval follows a conditional green light in December 2025 and allows Ripple to expand its regulated crypto services, further integrating digital assets into the traditional financial system. RLUSD, introduced in December 2024, has reached a market value of approximately $2.5 billion and is backed by dollar deposits, U.S. government securities, and other cash-like assets. The OCC’s decision restricts RNTB’s operations to fiduciary activities, excluding deposit-taking and lending. This milestone is expected to enhance the credibility and adoption of RLUSD. Despite the news, XRP’s price remained stable around $1.30.
