✓ Official source XRP
Ripple gets final OCC approval for its national trust bank, giving RLUSD reserves a federal home
Summary
Ripple said on Monday, Oct. 26, that the U.S. Office of the Comptroller of the Currency has granted final approval to charter Ripple National Trust Bank (RNTB), a federally supervised national trust bank, according to the company's Business Wire release and Cointelegraph.
The final sign-off completes a chartering process that began with the OCC's conditional approval in December 2025, Ripple said.
RNTB's approved activities include managing the segregated reserves backing Ripple's RLUSD stablecoin, acting as collateral trustee of those reserves for RLUSD holders, and providing fiduciary digital asset custody services, per the release.
RLUSD itself will still be issued by Standard Custody & Trust Company, Ripple's New York-regulated limited purpose trust company; the federal charter adds OCC supervision on top, Ripple and Cointelegraph said.
Updates
- Update, : Update: The Block also reported the final OCC approval, noting the structure puts RLUSD reserve management and custody under federal supervision while issuance stays with Ripple's New York-regulated entity.
- Update, : Update: CoinDesk also reported the OCC approval of Ripple National Trust Bank, noting CEO Brad Garlinghouse announced it on X.
- Update, : Update: Decrypt reported the bank will manage RLUSD's reserves and offer custody as banking groups fight crypto charters in court; it put RLUSD at $2.6 billion, versus the $2.5 billion market cap in Ripple's release.
- Update, : Update (Oct. 27): A day after the approval, Ripple announced RLUSD is live on Robinhood Chain and Bitstamp with a Robinhood app launch planned this year, and that BNY now supports custody of XRP and RLUSD, Cointelegraph reported. See our separate story on the Robinhood deal.
Key facts
- Ripple CEO Brad Garlinghouse said in the release: "For years, we've said crypto and banks work better together. Final approval for Ripple National Trust Bank is what that looks like in practice."
- Ripple said RLUSD, launched in December 2024, has grown to a $2.5 billion market cap, with BNY as its primary reserve custodian.
- Ripple said it will keep working with the OCC, NYDFS and other regulators as RNTB begins operations and as the U.S. implements the GENIUS Act framework.
- Cointelegraph said Ripple follows Circle, which secured final OCC approval in July, while Coinbase, Crypto.com and Stripe-owned Bridge remain at the conditional approval stage.
- Most national trust banks do not take deposits, make loans or carry FDIC insurance, Cointelegraph noted, citing the OCC.
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