Ripple received final OCC approval on October 26, 2026, to establish Ripple National Trust Bank (RNTB), adding federal supervision to the infrastructure supporting its $2.5 billion RLUSD stablecoin. The charter authorizes the trust bank to manage reserves and provide fiduciary digital asset custody when it opens, Ripple said in a press release.
Key takeaways
Final authorization follows Ripple’s conditional approval in December 2025.
RNTB will oversee segregated RLUSD reserves and offer fiduciary custody.
RLUSD’s issuer remains under New York state supervision.
Ripple’s OCC bank approval adds federal oversight
The final approval establishes RNTB as a federally supervised national trust bank and completes its organization process following conditional authorization in December 2025. It adds OCC oversight to the regulatory structure supporting Ripple USD, known as RLUSD.
The federal charter sits alongside the stablecoin’s existing state-regulated issuance structure. Standard Custody & Trust Company, Ripple’s limited purpose trust company regulated by the New York Department of Financial Services (NYDFS), will continue issuing RLUSD.
Ripple CEO Brad Garlinghouse linked the approval to the company’s broader institutional strategy. “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,” he said.
Reserve management and digital asset custody
RNTB’s approved activities include managing segregated reserves backing RLUSD and serving as collateral trustee for the benefit of stablecoin holders. Its responsibilities also extend beyond supporting the token.
Upon opening, the bank will be authorized to offer fiduciary digital asset custody. Ripple said this adds a federally supervised capability as enterprises integrate digital assets into payment, trading and treasury systems.
RLUSD reaches $2.5 billion in market value
RLUSD has grown to a $2.5 billion market capitalization since launching in December 2024, according to Ripple. The stablecoin operates across the company’s payments infrastructure and serves as collateral within Ripple Prime.
BNY is RLUSD’s primary reserve custodian. Ripple says dollar deposits, U.S. government securities and other cash equivalents fully back the stablecoin.
The company also publishes monthly attestations from an independent third party covering RLUSD’s circulating supply and reserve assets. Those disclosures accompany the reserve custody arrangements and the stablecoin’s state-regulated issuance.
Payments, custody and regulatory coordination
Ripple places the OCC bank approval within its effort to build regulated infrastructure connecting digital assets with payments, custody and capital markets. Garlinghouse said the national trust charter provides a stronger foundation for RLUSD and the company’s institutional products.
Founded in 2012, Ripple holds more than 85 licenses and offers enterprise services spanning payments, custody, prime brokerage and treasury management. The company identifies RLUSD and XRP as assets underpinning those capabilities.
According to Ripple, collaboration with the OCC, NYDFS and other regulatory bodies will continue as RNTB launches its operations and as the United States puts into practice the framework set out by the GENIUS Act.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.