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Ripple Gets OCC’s OK to Launch National Trust Bank

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Ripple Gets OCC’s OK to Launch National Trust Bank

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In the past day, the company has received regulatory permission to begin operating its own bank, Ripple National Trust Bank, according to a Monday (Oct. 26) press release, and on Tuesday (Oct. 27) announced new partnerships with BNY and Robinhood.

The Office of the Comptroller of the Currency gave its final approval for the charter, Ripple CEO Brad Garlinghouse said in a Monday post on social platform X.

“This gives Ripple a federally supervised platform to support RLUSD and provide digital asset custody to enterprises,” Garlinghouse said in the post. “We’ve always said crypto and banks work better together—this is what that looks like. Real innovation, real accountability, federal oversight.”

The OCC’s permission follows the regulator’s conditional approval granted in December and “reinforces the company’s longstanding commitment to building digital asset infrastructure within the regulated financial system,” the press release said.

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The OCC’s approval came as the regulator faces legal action over its handling of bank charter requests from cryptocurrency firms.

Independent Community Bankers of America sued the OCC this month, accusing it of allowing crypto firms into the banking system without subjecting them to the same level of scrutiny as community banks, PYMNTS reported Oct. 2.

Meanwhile, Ripple announced in a Tuesday (Oct.



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