Ripple receives OCC final approval to launch Ripple National Trust Bank
The U.S. Office of the Comptroller of the Currency gave Ripple final permission to create Ripple National Trust Bank, a federally supervised institution that will manage the reserves for the company's RLUSD stablecoin and offer regulated custody services to institutional clients. The approval follows a conditional decision in December 2025 and was announced by CEO Brad Garlinghouse ahead of Ripple's Swell conference. RLUSD, which began operations in December 2024, now holds roughly $2.5 billion in market value.
Why it matters
The bank gives Ripple a national‑trust charter, strengthening its regulated infrastructure and potentially expanding its stablecoin and custody business. The company said the approval could improve institutional confidence in RLUSD, though it did not immediately affect XRP price.
Key facts
- 1The OCC granted final approval for Ripple National Trust Bank, allowing Ripple to operate a specialized bank under federal supervision. coindesk.com
- 2Ripple National Trust Bank will manage the reserves backing the RLUSD stablecoin and provide fiduciary custody services for institutional customers. u.today
- 3RLUSD was launched in December 2024 and has grown to about $2.5 billion in market value. coindesk.com
- 4The final approval follows a conditional authorization issued by the OCC in December 2025. u.today
- 5XRP price remained roughly between $1.30 and $1.31 on the day of the announcement, showing little reaction to the news. u.today
- 6CEO Brad Garlinghouse announced the approval on X and said the bank will support RLUSD reserves and institutional digital‑asset custody. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.