Ripple Receives Approval to Establish a National Trust Bank and Expands RLUSD Partnership Network

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Ripple received final approval from the OCC to establish Ripple National Trust Bank, which will manage RLUSD reserves, serve as the reserve trustee, and provide digital asset custody; RLUSD will continue to be issued by Standard Custody & Trust Company. Ripple also expanded its partnerships with Robinhood, Coinbase, and BNY to cover trading, institutional settlement, cash management, custody, and the creation and redemption of RLUSD.