The Office of the Comptroller of the Currency (OCC) granted conditional approval to Ripple to establish the Ripple National Trust Bank, obtaining a federal license to operate for the first time. This decision allows it to move forward under a trust bank structure directly supervised by the federal government. Comptroller Jonathan V. Gould stated that “new entrants into the federal banking sector are good for consumers, the banking industry and the economy.”
The OCC’s action aligns the company with the risk and compliance standards that govern traditional banks. Ripple joins four other firms, including BitGo and Paxos, that also received approval, highlighting the growing role of digital asset firms in the national banking structure. Ripple CEO Brad Garlinghouse defended the decision, pointing out that the crypto industry “prioritizes compliance, trust and innovation.”
Ripple will debut the license concurrently with the launch of its dollar-backed stablecoin, $RLUSD. Its objective is for $RLUSD to comply with the supervision of both the OCC and the NYDFS from the start, ensuring its operability within the US regulatory system.
Source: https://www.occ.treas.gov/news-issuances/news-releases/2025/nr-occ-2025-125.html
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