Ripple National Trust Bank has received final approval from the Office of the Comptroller of the Currency (OCC) to operate as a federally chartered bank. The bank will manage reserves for Ripple's RLUSD stablecoin and provide crypto custody services to enterprise clients, under a fiduciary-only charter that prohibits deposits and loans. This approval follows a conditional green light in December 2025 and is part of a broader regulatory framework established by the GENIUS Act. The dual oversight from the OCC and New York Department of Financial Services is expected to enhance trust in RLUSD and position Ripple competitively against other crypto custody firms like Circle, Paxos, and BitGo.
Ripple National Trust Bank's final OCC approval for crypto custody services is notable context for readers. For those tracking the broader cryptocurrency market, here is Pluang's snapshot as of Oct 27, 2026 06:02 WIB: out of 50 major cryptocurrencies, 16 rose and 32 fell. Among notable movers, XTZ (Tezos) declined 2.49% to Rp5.021 with 71% sell orders, ONE (Harmony) dropped 2.38% to Rp23 with 99% buy orders, and ATOM (Cosmos) fell 2.07% to Rp29.356 with 64% buy orders.
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