Overview
- Ripple received final approval from the Office of the Comptroller of the Currency late Monday, Oct. 26, 2026, concluding a process that began with a conditional OK in December 2025.
- The charter authorizes Ripple National Trust Bank to manage segregated reserves for RLUSD, act as collateral trustee, and provide fiduciary digital-asset custody but it bars deposit-taking and lending.
- RLUSD issuance will remain with Ripple’s New York‑regulated trust, Standard Custody & Trust Company, while BNY continues as primary reserve custodian and monthly third‑party attestations report roughly $2.4–2.5 billion in circulation and reserves.
- The bank has final approval but is not yet open for business and Ripple has not provided an opening date, so the charter’s practical effects will depend on how trust terms, reserve reporting, and institutional onboarding are implemented.
- The decision follows the GENIUS Act’s federal stablecoin framework and joins similar OCC charters for other crypto firms, creating a regulatory precedent that could make regulated custody and reserve management more acceptable to banks, treasuries, and institutional clients.