OCC grants final approval to Ripple National Trust Bank

The US Office of the Comptroller of the Currency (OCC) has granted Ripple final approval for Ripple National Trust Bank (RNTB). CEO Brad Garlinghouse announced it on X on the evening of Oct. 26 (about 7:20 PM ET), ahead of the Ripple Swell conference.

Details

Garlinghouse said the bank gives Ripple a federally supervised platform to support the RLUSD stablecoin and provide digital asset custody to enterprises. The OCC granted conditional approval in December 2025, when Ripple said the trust bank would manage RLUSD reserves under both OCC and New York Department of Financial Services (NYDFS) oversight.

According to Cointelegraph, RLUSD continues to be issued through Standard Custody & Trust Company, which NYDFS regulates. National trust banks are federally chartered institutions that typically don't take deposits, make loans or carry FDIC insurance.

Garlinghouse wrote: "The revolution isn't happening outside the system. It's happening from within it." We could not find the OCC's own decision text at the time of writing, so launch terms and timing rest on the company's statements.

What it means for the market

Final approval removes the main regulatory hurdle for Ripple to hold RLUSD reserves and custody assets in its own federally chartered bank. For stablecoins, it is another step toward issuers operating under bank-style supervision, in line with the GENIUS Act framework.

The announcement says nothing directly about the price of XRP. Live prices and the daily brief are on the home page.