Ripple gets final OCC approval for national trust bank

Institutions considering Ripple for digital-asset custody can now look to a federally supervised trust bank, though they will need to wait until it begins operations to use it. Ripple said the OCC granted final approval to Ripple National Trust Bank on Oct. 26, completing a process that began with conditional approval in December 2025.

The charter brings federal oversight to parts of Ripple’s RLUSD setup, while leaving the stablecoin’s issuance with its existing New York-regulated company.

In its announcement of the final OCC approval, Ripple said the bank is authorized to manage RLUSD’s segregated reserves, act as collateral trustee for those reserves on behalf of holders, and provide fiduciary digital-asset custody. The announcement did not give an opening date or customer pricing for those services.

What services will the trust bank provide?

Ripple National Trust Bank is set up for reserve management, fiduciary services and custody, rather than everyday banking. The OCC’s December 2025 conditional approval letter described plans to manage RLUSD reserves and provide cryptocurrency custody to Ripple affiliates and institutional customers, including customers outside the company.

Fiduciary custody means holding or managing assets for a client under duties attached to that role. Ripple’s announcement says the bank’s approved plan includes custody for digital assets; it does not identify supported assets, minimum balances, onboarding steps or fees. Institutions will need to check those details with Ripple when the service becomes available.

Will the bank issue RLUSD?

No: RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s limited-purpose trust company regulated by the New York Department of Financial Services. Ripple says the national bank will add OCC supervision to the infrastructure supporting the stablecoin, with reserve management and trustee work handled by the bank.

That distinction matters for holders checking where issuance and oversight sit. The final approval changes the federal role in the structure, but Ripple has not said that holders need to take any action or move their RLUSD as a result.

Can customers use the bank now?

Not yet: Ripple says the bank will provide these services upon opening and that it will continue working with regulators as operations begin. The company has announced final approval, but its release gives no start date or service rollout timetable.

For now, institutions weighing Ripple custody can treat the charter as a regulatory milestone, not an available product. They still need to confirm when onboarding opens, which assets the bank will support and what the service will cost.

Source material

• announcement of the final OCC approval — ripple.com
• December 2025 conditional approval letter — occ.gov