Ripple receives final OCC approval for Ripple National Trust Bank
Ripple CEO Brad Garlinghouse announced on 26 October that the OCC has granted final approval for Ripple National Trust Bank.
Ripple CEO Brad Garlinghouse announced on 26 October that the OCC has granted final approval for Ripple National Trust Bank. The OCC gave conditional approval on 12 December 2025, after Ripple applied in July 2025.
The bank is approved to manage the segregated reserves behind RLUSD, act as collateral trustee for RLUSD holders and provide fiduciary digital asset custody. RLUSD continues to be issued by Standard Custody & Trust Company, Ripple's New York DFS-regulated limited purpose trust company, so the OCC adds federal supervision. A trust charter is fiduciary-only and cannot be used to take deposits or lend.
Garlinghouse said final approval is what crypto and banks working better together looks like in practice.
The read: custody and reserve management become the bank's business, not lending.