Ripple received final approval from a U.S. regulator to establish a national trust bank, Ripple National Trust Bank (RNTB).
U.S. fintech company Ripple received final approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank (RNTB). The new financial institution will operate under federal supervision, manage reserves backing the RLUSD stablecoin, and provide digital asset custody services to institutional clients.
Under the business plan approved by the regulator, RNTB will be authorized to operate in 3 main areas:
Managing segregated reserve assets backing RLUSD;
Acting as trustee of the reserves on behalf of stablecoin holders;
Providing fiduciary custody services for digital assets once the bank begins operations.
Standard Custody & Trust Company (SCTC), a limited-purpose trust company regulated by the New York State Department of Financial Services (NYDFS), will remain the issuer of RLUSD. Ripple acquired SCTC in 2024. The establishment of RNTB will add federal OCC oversight to RLUSD’s existing regulatory framework.
Ripple CEO Brad Garlinghouse said the national trust bank charter strengthens the regulatory foundation for the development of RLUSD and the company’s institutional products across payments, custody, and capital markets.
The charter will also allow Ripple to expand its institutional digital asset custody infrastructure under federal supervision. Once RNTB begins operations, the company will be able to provide these services to businesses integrating crypto assets into their payment, trading, and treasury operations.
Ripple plans to continue working with U.S. regulators as it prepares to launch RNTB and implement the regulatory framework established under the GENIUS Act.
Ripple previously received preliminary approval to establish a national trust bank in December 2025, alongside 4 other companies specializing in digital asset operations. The applications followed the OCC’s confirmation that trust banks could legally provide custody services, including those involving digital assets. The regulator also authorized national banks to act as intermediaries in cryptocurrency transactions.
