Brad

Ripple USD

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<ul>
 <li>Ripple received final OCC approval for Ripple National Trust Bank, following conditional approval in December 2025.</li>
 <li>The bank is set to oversee RLUSD reserves and provide digital asset custody services under federal supervision, while Standard Custody &amp; Trust Company remains RLUSD’s issuer.</li>
</ul>
<a href="https://thenewscrypto.com/ripple-backs-sec-crypto-rules-seeks-clearer-limits-on-token-securities-status/" rel="noopener noreferrer nofollow">Ripple</a> CEO Brad Garlinghouse announced on October 26 that the U.S. Office of the Comptroller of the Currency (OCC) had granted final approval for Ripple National Trust Bank (RNTB). The decision completes the bank’s chartering process, nearly a year after the regulator granted conditional approval in December 2025.
Finally, the approval gives Ripple a federally supervised framework for managing reserves backing its Ripple USD (RLUSD) stablecoin and providing digital asset custody services. The company said the bank will also act as a collateral trustee for <a href="https://thenewscrypto.com/standard-chartered-launches-rlusd-custody-on-xrp-ledger/" rel="noopener noreferrer nofollow">RLUSD</a> reserves, protecting the interests of stablecoin holders. On X (formerly Twitter), Garlinghouse welcomed the OCC’s final approval for Ripple National Trust Bank, saying it provides a federally supervised platform to support RLUSD and offer digital asset custody to enterprises. He said the approval demonstrates how crypto and traditional banking can work together under federal oversight.&nbsp;
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 <blockquote class="twitter-tweet">
 Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank. This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises. We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight. The revolution isn’t happening outside the system. It’s happening from within it.— Brad Garlinghouse (@bgarlinghouse) <a href="https://x.com/bgarlinghouse/status/2114860293859778775?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 26, 2026</a>
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The announcement comes as U.S. regulators establish clearer requirements for stablecoin issuers and other digital asset businesses.
<h3 id="h-rlusd-reserves-and-digital-asset-custody-at-the-center" class="wp-block-heading">RLUSD Reserves and Digital Asset Custody at the Center</h3>
Ripple National Trust Bank will be <a href="https://ripple.com/ripple-press/ripple-receives-final-occ-approval-to-establish-national-trust-bank/?utm_source=chatgpt.com" rel="noopener noreferrer nofollow">authorized</a> to manage the segregated reserves supporting RLUSD, act as collateral trustee for those reserves and provide fiduciary <a href="https://thenewscrypto.com/ripple-partners-with-meritz-securities-to-explore-crypto-custody-and-tokenization-in-south-korea/" rel="noopener noreferrer nofollow">custody services</a> for digital assets. These activities will fall under federal oversight by the OCC.
Still, the approval does not mean Ripple has become a conventional commercial bank. A national trust bank operates under a more specialized charter, and the approved activities do not include ordinary deposit-taking or commercial lending.
RLUSD will also retain its existing issuer. Standard Custody &amp; Trust Company, Ripple’s limited-purpose trust company regulated by the New York Department of Financial Services (NYDFS), will continue issuing the stablecoin. The new national trust bank adds federal oversight to the structure supporting RLUSD rather than replacing its current issuer.
Launched in December 2024, RLUSD has reached a market cap of approximately $2.6 billion. The stablecoin is backed by U.S. dollar deposits, U.S. government securities and other cash equivalents. BNY serves as its primary reserve custodian, while Ripple publishes monthly independent third-party attestations covering its circulating supply and reserve assets.
The final approval comes as Ripple expands its institutional services across payments, custody and digital asset infrastructure. The company said it will continue working with the OCC, NYDFS and other regulators as the bank prepares to begin operations.
The decision does not directly change XRP’s status or guarantee a price increase for the token. Instead, it gives Ripple another federally supervised structure for its stablecoin and institutional custody businesses.

Ripple Gets Final U.S. Regulatory Approval for National Trust Bank

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