Ripple Receives OCC Approval to Launch U.S. National Trust Bank

Source Summary

The Office of the Comptroller of the Currency has approved Ripple National Trust Bank (RNTB), according to an announcement by Ripple CEO Brad Garlinghouse. This approval allows Ripple to establish and operate its own U.S. national trust bank.

Why it matters

This OCC approval represents a significant regulatory milestone for Ripple, enabling the cryptocurrency company to operate as a federally chartered trust bank in the United States.