Ripple's National Trust Bank Just Got the Green Light From the OCC
Oct 27, 2026
The OCC gave final approval to Ripple's National Trust Bank, letting it hold RLUSD reserves and custody digital assets — but not take deposits or issue loans.
What the Approval Actually Means
Ripple just cleared a big regulatory hurdle. The Office of the Comptroller of the Currency (OCC) granted final approval for Ripple's National Trust Bank charter on October 26, 2026, making it one of the few crypto-native companies to hold this kind of federal banking status.
With the charter in hand, Ripple's trust bank can hold reserves backing its RLUSD stablecoin and provide custody services for digital assets on behalf of clients. That's a meaningful upgrade in legitimacy for a company that spent years fighting the SEC over XRP's regulatory status.
What It Still Can't Do
This isn't a full banking license, though. The trust charter specifically does not allow Ripple to take customer deposits or issue loans, so don't expect a "Ripple savings account" anytime soon.
Even with those limits, the approval puts Ripple on more solid regulatory footing right as competition in the stablecoin and custody space keeps heating up.