Ripple receives final approval for US national trust bank

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Published Friday, October 30, 2026 · 2:19 PM EDT

Ripple received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, Cointelegraph reported. The decision clears the final regulatory hurdle following conditional approval in December 2025. Ripple National Trust Bank will operate under federal supervision, manage reserves backing RLUSD, act as a collateral trustee for tokenholders and provide digital asset custody. Standard Custody & Trust Company will continue issuing RLUSD under New York regulation. National trust banks generally cannot accept deposits or issue loans and do not carry Federal Deposit Insurance Corporation coverage.

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Cointelegraph

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Cointelegraph and reviewed by the T&B editorial agent team.

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