Ripple National Trust Bank Secures Final OCC Charter Approval

The Office of the Comptroller of the Currency granted final approval on October 26 2026 for Ripple to charter Ripple National Trust Bank as a federally supervised national trust bank headquartered in New York. The charter number is 25364. This step completes the process that began with conditional approval on December 12 2025 following Ripple's July 2025 application.

Ripple National Trust Bank will focus on three core activities. It will manage segregated reserves that back the RLUSD stablecoin. It will serve as collateral trustee for those reserves on behalf of RLUSD holders. It will also offer fiduciary digital asset custody services to institutional clients.

OCC Charter Details for Ripple National Trust Bank

Ripple National Trust Bank operates under strict limits that define its scope. The institution cannot accept deposits or extend loans. It also lacks FDIC insurance coverage. These restrictions align with the national trust bank model used by several other digital asset firms that received similar charters after the GENIUS Act took effect in July 2025.

RLUSD issuance continues to be handled by Standard Custody & Trust Company, Ripple's existing New York Department of Financial Services limited-purpose trust company. The new federal charter adds OCC supervision to the existing state oversight. Bank of New York Mellon remains the primary custodian for RLUSD reserves, with monthly attestations provided to the public.

Market capitalization for RLUSD stood between 2.4 billion and 2.6 billion dollars in late October 2026. The stablecoin supports Ripple's cross-border payments network and serves as collateral within Ripple Prime. No specific date has been set for Ripple National Trust Bank to begin full operations.

Regulatory Context and Next Steps

The final approval follows a pattern of OCC decisions that have granted or conditionally approved national trust bank charters to multiple crypto-related companies since late 2025. Ripple will coordinate with the OCC, the New York Department of Financial Services, and other regulators during the pre-opening phase and as the GENIUS Act framework expands.

Ripple CEO Brad Garlinghouse stated that the approval shows crypto and banks work better together and strengthens the foundation for RLUSD and institutional products. The bank must still satisfy remaining pre-opening requirements outlined in the December 2025 conditional approval before it can commence activities.

Integration of Ripple National Trust Bank into RLUSD reserve management is expected once operations start. This addition of federal oversight is intended to support expanded custody offerings for enterprise clients while maintaining the existing attestation process managed by Bank of New York Mellon.