COINTELEGRAPH · 2026-10-27 00:08 UTC

Ripple wins final US approval for national trust bank

Ripple's national trust bank received final approval from the Office of the Comptroller of the Currency, completing its chartering process after conditional approval in December 2025. The federally supervised trust bank will manage reserves backing Ripple USD (RLUSD), act as collateral trustee, and provide digital asset custody services. Ripple follows Circle in securing final OCC approval; other crypto firms like Coinbase, Crypto.com, and Bridge remain at conditional approval stage.

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