Ripple receives final approval from the U.S. Office of the Comptroller of the Currency to launch its Ripple National Trust Bank (RNTB), with the decision announced by Ripple’s CEO, Brad Garlinghouse. The approvals allow the company to set up a federally supervised trust bank in the United States.
Across outlets, the focus is on what the approval enables: overseeing reserve management tied to Ripple’s stablecoin plans and providing digital-asset custody services. CoinDesk and Cointelegraph both describe the approval as clearing the way for Ripple’s national trust bank and link it to managing reserves backing the RLUSD stablecoin and offering custody.
The Block adds more detail about the bank’s regulatory structure, describing how reserve management and custody fall under federal supervision while issuance remains with a separate, New York-regulated entity. Overall, the reports are aligned on the core fact of final OCC approval, with differences mainly in how regulatory responsibilities are broken down.
