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UNIRipple wins final OCC approval for national trust bank
The Office of the Comptroller of the Currency has granted Ripple final approval for its national trust bank, which will manage RLUSD reserves and offer custody to enterprises.
Why it matters: The charter puts a major crypto company's stablecoin reserves and custody business under federal banking supervision as US rules for payment stablecoins take shape.
Key points
- Ripple disclosed the final OCC approval for Ripple National Trust Bank on 26 Oct.
- Standard Custody & Trust Company, regulated by NYDFS, continues to issue RLUSD.
- Ripple received conditional trust bank approval on 12 Dec 2025.
Ripple has won final federal approval for its national trust bank, with the Office of the Comptroller of the Currency clearing Ripple National Trust Bank to begin business under US banking supervision. The company announced the decision on 26 Oct, according to Bitcoin.com News.
The bank will hold reserves backing RLUSD, the dollar-tracking stablecoin launched in December 2024, and act as collateral trustee for its holders. Standard Custody & Trust Company, which is regulated by the New York Department of Financial Services, remains the token's issuer.
Jack McDonald, senior vice president of stablecoins, said the bank is designed to bring federal oversight into the infrastructure institutions rely on.
What to watch: Ripple National Trust Bank begins operations while Ripple works with the OCC, NYDFS and other regulators as the US implements the GENIUS Act.
Live updates on NewsFeeds:RegulationStablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.