Ripple Receives Conditional Approval for National Trust Bank
- Ripple’s National Trust Bank approval aids cryptocurrency custody.
- Ripple’s stablecoin reserves will be managed by RNTB.
- The OCC’s decision benefits the crypto custody ecosystem.
Ripple has received preliminary conditional approval from the OCC to establish Ripple National Trust Bank in New York for cryptocurrency custody and reserve management as of December 12, 2025.
This approval positions Ripple to offer regulated crypto custody services, supporting its RLUSD stablecoin under federal and state oversight, potentially impacting institutional trust in digital assets.
The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for Ripple to establish the Ripple National Trust Bank (RNTB). This move positions RNTB to offer fiduciary services, including custodying reserves for Ripple’s RLUSD stablecoin.
Ripple’s CEO, Brad Garlinghouse, highlighted the approval as a step forward, stating it ensures compliance with federal and state standards. The bank will operate under dual oversight from OCC and New York Department of Financial Services.
The approval impacts Ripple’s institutional services, allowing for expanded crypto custody offerings. It positions Ripple to enhance its services in managing RLUSD reserves and broadens its treasury services upon final approval.
RNTB’s establishment marks a shift for the digital currency market, enabling federally supervised fiduciary crypto custody. The OCC has similarly approved other firms like Circle, Paxos, and BitGo, enhancing compliance and transparency in the sector.
Ripple aligns with federal banking standards, promising consumer protection and market integrity. The decision is endorsed by Comptroller Jonathan Gould, who supports digital assets’ inclusion in the banking sector.
Jonathan Gould stated, “New entrants into the federal banking sector are good for consumers, the banking industry and the economy.” The precedent set by the OCC could encourage further innovations in crypto custody services. Market trends indicate potential growth in fiduciary services, enhancing confidence in digital assets amid regulatory oversight.
