Ripple has received final approval from the OCC to launch the Ripple National Trust Bank, enhancing its regulatory framework in the U.S.
The Office of the Comptroller of the Currency (OCC) has granted Ripple final approval to establish the Ripple National Trust Bank (RNTB), as announced by CEO Brad Garlinghouse on October 26.
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 together — this is what that looks like. Real innovation, real accountability, federal oversight. The revolution isn’t happening outside the system. It’s happening from within it.
— Brad Garlinghouse (@bgarlinghouse) October 26, 2026
RNTB will operate under federal oversight and focus on supporting the Ripple USD (RLUSD) stablecoin infrastructure as well as serving institutional clients.
According to its approved business plan, RNTB will have three main areas of operation:
- Management of segregated reserves backing RLUSD;
- Acting as a trustee for collateral on behalf of token holders;
- Providing custodial services for digital assets to institutional clients.
However, RNTB will not issue RLUSD. The stablecoin will continue to be issued by Standard Custody & Trust Company, a subsidiary of Ripple regulated by the New York State Department of Financial Services (NYDFS). BNY will serve as the main custodian for the reserves.
Ripple reports that the market capitalization of RLUSD, launched in December 2024, has reached $2.5 billion. The token is utilized in the company’s payment solutions and as collateral on the Ripple Prime platform.
Ripple claims that RLUSD is fully backed by dollar deposits, U.S. government securities, and other cash equivalents, with independent confirmations of the circulating supply and reserves published monthly.
Growing Trend of Crypto Companies Securing Federal Banking Licenses
Ripple joins a growing list of cryptocurrency firms establishing regulated infrastructure for asset custody and institutional services. In July 2026, Circle also received final approval for its national trust bank aimed at managing stablecoin reserves and custodial services.
Other companies are at various stages of obtaining specialized banking licenses. The OCC has previously issued preliminary approvals to Coinbase, Crypto.com, and Bridge.
It’s worth noting that Ripple applied for the national trust bank license in July 2025, with Garlinghouse stating that federal licensing would complement the oversight from the NYDFS.
