Ripple Secures Final US Approval to Establish National…
By Karthik Subramanian
AI summary of the source article
Ripple received final approval from the US OCC to establish Ripple National Trust Bank. The institution will manage reserves backing Ripple USD and provide fiduciary digital asset custody, but will not operate as a conventional commercial bank.
Why it matters
Ripple said "the approval strengthens its regulatory infrastructure as financial institutions increasingly adopt blockchain-based payments, tokenization and digital asset custody."
Key facts
- The OCC granted Ripple final approval to establish Ripple National Trust Bank on October 26, 2026.
- The charter authorizes reserve management for RLUSD and fiduciary custody, but excludes retail deposits and lending.
- RLUSD issuance remains with NYDFS-regulated Standard Custody & Trust Company, with BNY as primary reserve custodian.
Source excerpt · FinanceFeeds
Ripple has received final approval from the US Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank (RNTB), marking a significant regulatory development for the company's stablecoin and institutional digital asset businesses. Announced on October 26, 2026, the approval completes a process that began with preliminary conditional authorization on December 12, 2025.…