PYMNTS· PYMNTS·· 1 hour agoSelectedAI score83
Ripple Receives Final OCC Approval to Operate Ripple National Trust Bank
Ripple Gets OCC’s OK to Launch National Trust Bank
AI brief
AI-assisted source summary · not independently verified. Content standards
Ripple received final approval from the OCC and began operating Ripple National Trust Bank; the bank will support RLUSD and is authorized to provide fiduciary digital asset custody services. Ripple also expanded its partnership with BNY, whose digital asset custody platform now supports XRP and RLUSD.
Why it matters
The report covers the bank charter, RLUSD support, and the scope of fiduciary custody, while also adding background on industry litigation facing the OCC, making it easier to understand the boundaries of the regulatory arrangement.
Source:PYMNTS · pymnts.com