Ripple trust bank received final approval from the US Office of the Comptroller of the Currency on October 26, 2026, clearing the way for the federally supervised institution to manage reserves backing the RLUSD stablecoin and provide digital asset custody.

Key Takeaways

  • The charter became effective on October 26, following conditional approval in December 2025.
  • RLUSD will continue to be issued by New York-regulated Standard Custody & Trust Company.

Ripple trust bank moves beyond conditional approval

The OCC granted conditional approval for Ripple National Trust Bank in December 2025. The regulator’s charter application record lists the charter as consummated and effective on October 26, 2026.

The approval establishes a national trust bank, rather than a conventional commercial bank. National trust banks generally cannot accept deposits or issue loans and do not carry Federal Deposit Insurance Corporation coverage.

What the bank is authorized to do

Ripple said the bank’s approved activities include managing segregated reserves supporting RLUSD and acting as collateral trustee for the benefit of tokenholders. It is also authorized to provide fiduciary digital asset custody services upon opening.

The federal charter adds OCC supervision to the structure supporting RLUSD, but it does not change the stablecoin’s issuer. Standard Custody & Trust Company, a limited-purpose trust company regulated by the New York Department of Financial Services, will continue issuing RLUSD.

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