Ripple Secures Final OCC Approval for National Trust Bank Supporting $2.5B RLUSD

• Ripple received final OCC approval on October 26, 2026, to charter Ripple National Trust Bank after a December 2025 conditional approval.
• The bank will manage segregated reserves for the $2.5 billion RLUSD stablecoin, serve as collateral trustee, and provide fiduciary digital asset custody to enterprises.
• RLUSD continues to be issued by Ripple’s NYDFS-regulated Standard Custody & Trust Company, now under dual state and federal oversight.

Ripple has received final approval from the U.S. Office of the Comptroller of the Currency to establish Ripple National Trust Bank, a federally supervised national trust bank that will manage the segregated reserves backing its RLUSD stablecoin and offer digital asset custody services to enterprises, according to the company’s official announcement on October 26, 2026.

The approval completes a process that began with a conditional OCC charter in December 2025, as confirmed in the regulator’s corporate applications records, which list the filing as consummated on October 26. Once operational, the bank will manage reserves supporting RLUSD, act as collateral trustee for the benefit of holders, and provide fiduciary custody of digital assets, while issuance remains with Standard Custody & Trust Company, Ripple’s New York Department of Financial Services-regulated limited purpose trust company.

RLUSD, launched in December 2024, has grown to a $2.5 billion market capitalization and is used across Ripple’s payments infrastructure and as collateral in Ripple Prime, with BNY serving as the primary reserve custodian, per the company statement. Monthly independent third-party attestations cover the stablecoin’s circulating supply and reserves, which consist of U.S. dollar deposits, government securities, and cash equivalents.

“For years, we’ve said crypto and banks work better together. Final approval for Ripple National Trust Bank is what that looks like in practice,” Ripple CEO Brad Garlinghouse said in the announcement and on X, adding that a national trust charter strengthens the foundation for RLUSD and institutional products in payments, custody, and capital markets. He further noted on the platform that “the revolution isn’t happening outside the system. It’s happening from within it.”

The development comes as national trust charters for crypto firms face pushback. Sen. Elizabeth Warren has argued that such approvals, including for Ripple, allow firms to evade traditional banking safeguards, while the Independent Community Bankers of America has filed a lawsuit challenging the OCC’s approach as creating a side door into the banking system without full capital and insurance requirements, as detailed in coverage from Decrypt and The Block. Ripple has stated it will continue working with the OCC, NYDFS, and other regulators as the bank begins operations and under the GENIUS Act framework for stablecoins.

XRP, which does not directly benefit from the charter, saw a modest gain of about 0.5% to around $1.29 following the news, according to market data referenced in the Decrypt report.