Ripple received final approval from the Office of the Comptroller of the Currency (OCC) on 2026-10-26 to establish Ripple National Trust Bank (RNTB), a federally regulated national trust bank.

Cross-checks of the company’s press release and independent reporting indicate that RNTB is authorized to manage the segregated reserves backing $RLUSD , serve as trustee for those reserves, and provide fiduciary-style digital asset custody services to businesses. A national trust bank charter does not include deposit-taking or commercial lending. $RLUSD will continue to be issued by Standard Custody & Trust Company, which is regulated by the New York Department of Financial Services (NYDFS); federal oversight is layered on top of the existing state-level framework. The company puts RLUSD’s market capitalization at approximately $2.5 billion. The company received conditional approval in December 2025; this is the final authorization following completion of the organizational process.

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