The post Ripple Wins Major Federal Baking License from OCC appeared on BitcoinEthereumNews.com. Key Highlights OCC has approved Ripple to operate a national trustThe post Ripple Wins Major Federal Baking License from OCC appeared on BitcoinEthereumNews.com. Key Highlights OCC has approved Ripple to operate a national trust

Ripple Wins Major Federal Baking License from OCC

2025/12/13 04:22

Key Highlights

  • OCC has approved Ripple to operate a national trust bank 
  • Ripple is planning to establish Ripple National Trust Bank (RNTB), a federally supervised trust bank
  • With a national trust bank managing RLUSD reserves, Ripple’s stablecoin business will face oversight at both the state and federal levels

On December 12, Ripple announced that it secured conditional approval from a U.S. banking regulator to operate a national trust bank. The U.S. Office of the Comptroller of the Currency (OCC)’s approval will grant the firm federal oversight to establish Ripple National Trust Bank (RNTB), a federally supervised trust bank.

Ripple to Form National Trust Bank

Ripple National Trust Bank (RNTB) will focus on digital asset custody, and it will manage its USD-pegged stablecoin, RLUSD. 

Ripple CEO Brad Garlinghouse stated in the press release, “The conditional approval of our trust bank charter represents a massive step forward – setting the highest standard for stablecoin compliance with both federal and state oversight. While anti-innovation bank lobbyists may claim otherwise, we are ensuring RLUSD is the most transparent and responsibly managed stablecoin in the market today.”

Its application was reviewed under strict OCC standards, examining the company’s finances, management, and risk controls. The company committed over $1 billion in initial capital to the trust bank. 

“This dual layer of regulation sets a new bar for transparency and compliance in the stablecoin market, something no other issuers today can claim. As traditional finance continues to enter the market, they will look to leverage stablecoins with the highest regulatory rigor and compliance, offering the trust and reliability required for enterprise adoption,” stated in the press release.

To win this major legal approval, the company also mentioned its settlement of a long-running lawsuit with the U.S. Securities and Exchange Commission in March.

The federal charter is expected to directly benefit the firm’s main business of cross-border payments. Its network can now integrate more easily with federal payment systems. 

“To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC’s supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?” Ripple CEO said.

OCC Head Hints At New Era for Crypto Banking 

At the Blockchain Association Policy Summit, the OCC Head,  Jonathan V. Gould, gave his remarks on De Novo Charters. Just days before the announcement, Jonathan V.  Gould gave a speech in which he criticized the regulators for historically blocking new bank formations. 

He clearly stated that digital asset firms deserve a clear gateway to become regulated banks. The OCC conditionally approved a few other crypto companies alongside Ripple.

“Chartering new banking institutions is one of the OCC’s core functions. A robust pipeline of de novo banks is crucial to a healthy financial system. New charters ensure a diverse banking sector, as new entrants bring new ideas, new products, and new services to U.S. consumers. De novo institutions are an important source of competition to market incumbents, which not only results in more consumer choice but also incentivizes existing institutions to improve their products and services to remain dynamic market participants,” he said.

Recently, Ripple announced XRP’s official integration into the Solana ecosystem, which was announced at the Solana Breakpoint conference in Abu Dhabi. This cross-chain bridge will be powered by the Wormhole protocol. 

Also Read: Ripple, AMINA Bank Unite Amid Rail Acquisition Completion

Source: https://www.cryptonewsz.com/ripple-major-federal-baking-license-from-occ/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33