Ripple wins final US approval for national trust bank
Summary
Ripple received final OCC approval for Ripple National Trust Bank, completing the chartering process after conditional approval in December 2025. The federally supervised bank can manage reserves backing RLUSD, serve as collateral trustee for holders, and provide digital asset custody. RLUSD will still be issued by Standard Custody & Trust Company, regulated by New York’s Department of Financial Services. Ripple follows Circle, which received final approval in July; several other crypto firms remain at the conditional approval stage. National trust banks generally hold and manage client assets, rather than taking deposits or making loans, and typically lack FDIC insurance.
