Ripple Wins Conditional OCC Nod for National Trust Bank 

The Office of the Comptroller of the Currency (OCC) has granted Ripple conditional approval to establish Ripple National Trust Bank (RNTB), a federally supervised national trust bank that will custody reserves backing RLUSD, the company’s U.S. dollar stablecoin.  

Under the new structure, RLUSD reserves will be managed within a national trust bank subject to oversight by both the OCC and the New York Department of Financial Services, combining federal and state-level supervision. Ripple said that dual regime establishes “a new bar” for transparency and compliance in the stablecoin market at a time when banks and asset managers are increasingly seeking tokens that meet bank-like regulatory standards.  

“The conditional approval of our trust bank charter represents a massive step forward—setting the highest standard for stablecoin compliance with both federal and state oversight,” said Ripple CEO Brad Garlinghouse, adding that the goal is to make RLUSD “the most transparent and responsibly managed stablecoin in the market today.” With final approvals, RNTB will extend the same regulatory rigor that underpins RLUSD into Ripple’s broader payments and institutional services stack, including treasury, collateral, and settlement use cases.  

RLUSD has already surpassed a $1 billion market capitalization less than a year after launch, placing it among the top tier of U.S. dollar‑backed stablecoins. The token is integrated into Ripple’s enterprise payments offerings and used as collateral by prime brokerage services such as Ripple Prime.  

Ripple Payments, the company’s cross‑border network, now reaches corridors representing more than 90% of daily foreign-exchange flows and has processed over $95 billion in volume across markets including the U.S., Europe, Latin America, and Asia-Pacific.