Ripple National Trust Bank Receives Final OCC Approval to Launch

Ripple has secured final approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate Ripple National Trust Bank, completing a process that began with its application in July 2025. The conditional approval granted in December 2025 has now been converted into a full charter, as reported by The News Crypto and Unchained.

The newly approved bank will primarily manage the reserves backing Ripple's stablecoin RLUSD, which currently has a circulating supply of $2.58 billion according to DeFiLlama. It will also serve as a trustee for the assets and provide regulated digital asset custody services, as detailed by Blockonomi and Cointelegraph.

While Ripple's bank will play a key role in RLUSD's ecosystem, it is important to note that the stablecoin itself will continue to be issued by Standard Custody & Trust Company, as clarified by Blockonomi. This arrangement allows Ripple to leverage the bank's regulatory framework without directly issuing the stablecoin.

The approval comes at a time when the crypto industry is facing increased regulatory scrutiny, with banking groups actively fighting crypto charters in court, as reported by Decrypt. This makes Ripple's achievement even more significant as it demonstrates a successful navigation of the complex regulatory landscape.

Currently, the total cryptocurrency market cap stands at $2.74 trillion, with Bitcoin trading at $34,200, down 0.31% in the last 24 hours. The Fear & Greed Index is at 48, indicating a neutral market sentiment. RLUSD is trading at $1 with minimal price movement, reflecting a stable market position.