Business · Companies · 1 hr ago
Ripple Gets Final Approval for Federal Trust Bank
US regulators gave Ripple final approval for a national trust bank overseen by the Office of the Comptroller of the Currency.
Ripple plans to use the bank to manage reserves backing RLUSD, its dollar-pegged stablecoin, and to offer digital-asset custody to corporate clients.
The bank had received conditional approval last December, and the final sign-off allows it to begin operating under federal supervision.
The charter directly supports RLUSD, not XRP, Ripple’s separate cryptocurrency.
About 61% of RLUSD is on Ethereum and 39% on the XRP Ledger, so activity on Ethereum does not generate XRP transaction fees.
XRP holders do not yet have a clear direct benefit from the bank’s approval.
That could change if the bank takes custody of institutional XRP holdings or more RLUSD is issued on the XRP Ledger, but what it will custody remains unclear.
Ripple received final approval from the Office of the Comptroller of the Currency to establish a federal trust bank.
The bank, called Ripple National Trust Bank, will operate under federal supervision.
Ripple plans to use it to support RLUSD, its U.S. dollar-pegged stablecoin, and offer digital-asset custody to corporate clients.
The bank will manage and act as trustee for the reserves backing RLUSD.
The approval directly supports RLUSD and custody services, while the sources say XRP has no assigned role in the charter.
- Who
- Ripple received the approval from the Office of the Comptroller of the Currency.
- What
- It received final approval to establish Ripple National Trust Bank, a federal trust bank.
- When
- October 26, 2026. Ripple CEO Brad Garlinghouse announced the approval that day.
- Where
- The United States; the bank will be overseen by federal regulators.
- Why
- Ripple plans to support RLUSD operations and provide digital-asset custody services to corporate clients.
This story does not have two clearly opposing sides.
Ripple National Trust Bank received conditional approval.
The OCC granted final approval, which Garlinghouse announced on X.
- Regulator
- Office of the Comptroller of the Currency (OCC)
- Bank
- Ripple National Trust Bank (RNTB)
- Stablecoin reserves
- $2.5 billion in the BeInCrypto report
- RLUSD supply
- About $2.57 billion, according to DefiLlama
- Approval announcement
- October 26, 2026
3 sources
What people are saying
A national trust charter gives us an even stronger foundation for RLUSD and the institutional products we’re building across payments, custody and capital markets,
We’ve always said crypto and banks can achieve better outcomes when they work together,
a combination of real innovation, responsibility and federal oversight
the revolution is happening not outside the existing financial system, but within it.
Posts on X
Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank. This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises. We’ve always said crypto and banks work better
🚨NEW: @Ripple received full approval from the @USOCC to operate as a national trust bank, joining Circle, BitGo and Fidelity Digital Assets.