Ripple Receives Unconditional OCC Approval to Establish a National Trust Bank
Ripple gets OCC’s unconditional charter approval
AI-assisted source summary · not independently verified. Content standards
Ripple has received final approval from the OCC to establish a national trust bank. The charter does not permit it to accept deposits or make commercial loans, but allows Ripple to provide fiduciary custody of digital assets, manage RLUSD reserves, and serve as trustee for reserve collateral. Ripple will also expand RLUSD reserve custody, minting, and redemption arrangements with BNY, and support related use and institutional settlement through Robinhood Chain, Bitstamp, and the XRP Ledger.
The material clearly distinguishes the scope of authority under a national trust bank charter and shows how it connects with RLUSD reserve custody and institutional settlement arrangements.
Source:Banking Dive · bankingdive.com