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Ripple wins final US approval for national trust bank
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Ripple said Monday that Ripple National Trust Bank (RNTB) received final approval from the Office of the Comptroller of the Currency (OCC), completing its chartering process. The federally supervised trust bank can now manage reserves backing Ripple USD (RLUSD) and offer digital asset custody. The approval marks a major regulatory step for Ripple in the United States.
The OCC granted conditional approval in December 2025. Final approval follows months of review. RNTB is authorized to act as collateral trustee for RLUSD holders. It will provide digital asset custody services.
RLUSD will continue to be issued by Standard Custody & Trust Company. That entity is a limited purpose trust company regulated by the New York Department of Financial Services. Ripple said the arrangement keeps stablecoin issuance and reserve management within supervised entities.
CEO Brad Garlinghouse welcomed the decision on X. “We’ve always said crypto and banks work better together — this is what that looks like,” he said. He cited real innovation, accountability and federal oversight.
Ripple follows Circle, which secured final OCC approval in July. Coinbase received preliminary approval in April. Crypto.com and Stripe-owned Bridge received conditional approvals in February.
National trust banks are federally chartered to hold and manage assets for clients. Unlike commercial banks, most do not accept deposits or make loans. They also do not carry Federal Deposit Insurance Corporation insurance, according to the OCC.
The approval could strengthen Ripple’s stablecoin infrastructure and custody offerings. It also highlights a widening split among crypto firms seeking federal banking footholds. Firms still at the conditional stage face further OCC review.
