Ripple National Trust Bank Receives Final OCC Approval to Manage RLUSD Reserves

The Office of the Comptroller of the Currency granted final approval on October 26, 2026, for Ripple to establish Ripple National Trust Bank in New York under proposed charter number 25364. The federally chartered institution will manage segregated reserves backing the RLUSD stablecoin and serve as collateral trustee for RLUSD holders.

Ripple applied for the charter in July 2025 and received conditional approval in December 2025. The final step adds federal oversight to the existing state-level supervision from the New York Department of Financial Services.

Ripple National Trust Bank Charter and Operational Limits

The new bank is restricted to fiduciary activities. It cannot accept deposits or extend loans. Authorized services include holding reserves that back RLUSD, acting as collateral trustee, and offering digital asset custody to institutional clients. RLUSD issuance itself will remain with Standard Custody & Trust Company, while Bank of New York Mellon continues as primary reserve custodian with monthly third-party attestations.

RLUSD, launched in December 2024, has reached a market capitalization of approximately 2.5 billion dollars. Its reserves consist of USD deposits, U.S. government securities, and cash equivalents. The bank will also support collateral management for Ripple Prime and other institutional products.

Operations can begin once the charter is formally issued. Exact opening date remains subject to coordination with the OCC and NYDFS. The approval aligns RLUSD supervision with requirements set by the GENIUS Act, signed in July 2025, which establishes a federal framework for U.S. payment stablecoins.

Regulatory Context and Market Implications

National trust banks supervised by the OCC now number around sixty. Similar final approvals have been issued to other stablecoin issuers such as Circle. The addition of federal oversight for RLUSD provides an extra layer of regulatory certainty for institutional users and payments clients already relying on the token.

Existing custody arrangements and attestation processes remain unchanged. The new charter expands Ripple’s ability to offer fiduciary services without altering the issuance or reserve composition of RLUSD. Market participants will monitor how the federal charter affects custody volumes and integration with enterprise treasury operations.

Regulators have signaled continued focus on stablecoin reserve transparency and operational resilience. Ripple stated it will maintain ongoing dialogue with the OCC, NYDFS, and additional agencies as the bank ramps up activities. The charter does not modify RLUSD’s current backing assets or redemption mechanics.