Ripple Secures Final OCC Approval for Its National Trust Bank

This approval finalizes the licensing process for Ripple National Trust Bank (RNTB), which previously received conditional approval from the OCC in December 2025.

The federally regulated trust bank is authorized to manage the reserves backing Ripple USD (RLUSD), serve as a collateral trustee protecting RLUSD holders, and provide custody services for digital assets, according to Ripple.

RLUSD issuance will remain under the responsibility of Standard Custody & Trust Company, a limited purpose trust company of Ripple regulated by the New York Department of Financial Services.

Ripple CEO Brad Garlinghouse said on Monday via X, “We’ve always maintained that the crypto sector and banks collaborate best—this is the proof. Genuine innovation, true accountability, and federal oversight.”

Ripple is following in the footsteps of Circle, which received final OCC approval in July. Other crypto companies are still at the conditional approval stage, including Coinbase, granted preliminary approval in April, along with Crypto.com and Stripe-owned Bridge, both conditionally approved in February.

A national trust bank is a federally chartered entity specializing in holding and managing assets for clients. Unlike commercial banks, most do not accept deposits, extend loans, or have FDIC insurance, the OCC notes.

Ripple's final OCC approval marks a critical step in bridging the cryptocurrency industry with traditional federally regulated financial frameworks, enhancing innovation and oversight in digital asset management.