U.Today and Coindoo both cover Ripple's final OCC bank approval but give different years for the earlier conditional approval it followed.
U.Today and Coindoo both cover Ripple's final OCC bank approval but give different years for the earlier conditional approval it followed.
What all sources agree on
- Ripple has gained the Office of the Comptroller of the Currency's (OCC) final approval to build its own federally supervised national trust bank.
- Ripple National Trust Bank (RNTB) will handle reserves for RLUSD, act as a collateral trustee, and provide digital asset custody services to institutional customers.
- RLUSD will still be issued by Standard Custody & Trust Company, Ripple's subsidiary regulated by the New York Department of Financial Services.
- RLUSD's market cap has reached around $2.5 billion since its December 2024 launch.
- Brad Garlinghouse stated: "We've always said crypto and banks work better together" and "The revolution isn't happening outside the system. It's happening from within it."
- The national trust bank charter restricts Ripple to fiduciary activities such as custody and trustee services, not deposit-taking or lending like a commercial bank.
- XRP's price has not rallied significantly following the announcement.
Where the reports disagree
1Year of the OCC's prior conditional approval of Ripple's bank
The latest finalized approval comes around 10 months after the conditional approval from the OCC in December 2024.
The Office of the Comptroller of the Currency granted the approval on October 26, Ripple said, roughly ten months after conditionally approving the bank in December 2025.
What would settle it: The OCC's public record or official announcement of the conditional approval date for Ripple National Trust Bank.
What to make of it
Treat the final OCC approval, RNTB's purpose, the $2.5 billion RLUSD market cap, and Garlinghouse's quoted remarks as established; the exact year of the earlier conditional OCC approval (2024 vs 2025) remains unresolved between these reports.
Treat the final OCC approval, RNTB's purpose, the $2.5 billion RLUSD market cap, and Garlinghouse's quoted remarks as established; the exact year of the earlier conditional OCC approval (2024 vs 2025) remains unresolved between these reports.
