Ripple National Trust Bank receives final OCC approval for crypto custody

Ripple National Trust Bank has received final OCC approval to provide crypto custody and fiduciary services. This regulatory milestone increases confidence in stablecoins and intensifies competition within the digital asset custody sector. The approval specifically enables Ripple to manage the reserves backing its RLUSD stablecoin while offering professional digital asset custody. This strategic development positions Ripple to operate as a national trust bank, enhancing its operational capacity within the United States regulatory framework for cryptocurrency services.