Ripple National Trust Bank receives final OCC approval for crypto custody

Ripple now has a federally chartered bank. The Office of the Comptroller of the Currency has granted final approval for Ripple National Trust Bank, the entity that will handle reserves for the RLUSD stablecoin and offer crypto custody to enterprise clients. The final sign-off completes a process that began with a conditional approval on December 12, 2025. What the OCC actually approved Ripple National Trust Bank, or RNTB, is a national trust bank based in New York. Its proposed charter number is 25364. The charter does two main jobs. First, it lets the bank manage the reserves backing RLUSD, Ripple’s US dollar stablecoin. Second, it lets the bank provide custody and fiduciary services to enterprise customers holding digital assets. Under the terms of its approval, RNTB’s operations are limited to fiduciary activities. It will not take deposits, and it will not make loans. From conditional to final The December approval was conditional. As of late 2025, full authorization was expected by March 2026. Ripple was not alone in that December batch. On the same day, the OCC also granted conditional approvals to other digital asset firms, including Circle, Paxos and BitGo. Circle’s propose...