The Ripple trust bank received final approval from the Office of the Comptroller of the Currency on October 26, 2026, clearing the way for a federally supervised institution to manage RLUSD stablecoin reserves and provide digital-asset custody. The decision follows conditional approval in December 2025; Ripple’s announcement did not specify an opening date.

What the Ripple trust bank is authorized to do

Ripple’s final charter approval announcement sets out three approved activities for Ripple National Trust Bank: managing segregated reserves backing RLUSD, acting as collateral trustee for those reserves on behalf of token holders, and providing fiduciary digital-asset custody services.

The custody authorization will apply upon opening. It gives Ripple a federally supervised institution for holding institutional clients’ digital assets as businesses use them in payments, trading and treasury operations.

The approval completes the bank’s organization process following the OCC’s conditional decision in December 2025. It establishes a specialized national trust bank, rather than announcing the launch of a broad retail banking service.

RLUSD issuance remains with its New York-regulated company

RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s limited-purpose trust company regulated by the New York Department of Financial Services. The new bank therefore adds federal oversight to the reserve and custody structure without replacing the stablecoin’s existing issuer.

Ripple said RLUSD had reached a market capitalization of about $2.5 billion since its December 2024 launch. Its backing consists of U.S. dollar deposits, U.S. government securities and other cash equivalents.

BNY remains RLUSD’s primary reserve custodian, and Ripple publishes monthly independent third-party attestations covering circulating supply and reserve assets. The next operational step is the trust bank’s opening, for which the announcement provided no date.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.