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Key Takeaways
- Ripple National Trust Bank won final OCC approval
- It will manage RLUSD reserves as holders’ trustee
- A New York trust company still issues RLUSD
- Ripple joins BitGo and Circle with final charters
The Office of the Comptroller of the Currency granted the approval on October 26, Ripple said, roughly ten months after conditionally approving the bank in December 2025.
From conditional approval to an opening date
Final approval completes the organizing stage, but Ripple National Trust Bank, or RNTB, is not yet open. Ripple describes its custody services as starting once the bank opens and says it will keep working with regulators as operations begin. It has not given a date.
Ripple was one of five crypto firms the OCC conditionally approved in December 2025. Circle and Ripple applied for new national trust banks, while BitGo...
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