News · Regulation & Policy
The Office of the Comptroller of the Currency granted final sign-off for Ripple National Trust Bank, which will oversee custody and reserves for its $2.5 billion RLUSD stablecoin.
Key point 1 of 3
01
The OCC granted final approval for Ripple National Trust Bank to operate under direct federal oversight.
Key point 2 of 3
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The trust bank will manage reserves for Ripple's $2.5 billion RLUSD stablecoin and provide institutional custody.
Key point 3 of 3
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RLUSD will still be issued by Standard Custody & Trust Company, creating dual federal and New York state oversight.
Context
Ripple first applied for a national trust bank charter in July 2025, winning conditional OCC approval that December as part of a long-term strategy to build institutional-grade…
Why it matters
Ripple gains formal federal banking supervision, boosting its institutional credibility and expanding custodial reach for its payments suite and RLUSD reserves alongside BNY.
What to watch
Ripple's operational launch of the national trust bank under federal oversight and subsequent compliance updates tied to the rollout of the GENIUS Act.
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