Ripple Gets Federal Approval to Establish National Trust Bank

Friday 12 December 2025 17:01
| Updated:

Friday 12 December 2025 17:02

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The Office of the Comptroller of the Currency (OCC) today announced that Ripple, a leader in enterprise blockchain and crypto solutions, received conditional approval for its application to establish the Ripple National Trust Bank (RNTB), a federally supervised trust bank. This OCC approval comes after the passage of the GENIUS Act, which President Trump signed in July 2025 to establish clear rules for US stablecoins. Today’s OCC announcement reinforces Ripple’s leadership in building transparent, regulation-first financial solutions and its long-term commitment to working with regulators and policymakers.

With a national trust bank managing RLUSD reserves, Ripple’s stablecoin business will be overseen as a trust company at the state and federal levels—through the New York Department of Financial Services (NYDFS) and the OCC, respectively. This double-layered regulation sets a new standard for transparency and compliance in the stablecoin market, something that no other issuer can currently claim. As traditional finance continues to enter the market, they will leverage stablecoins with the highest rigor and regulatory compliance, offering the trust and reliability necessary for enterprise adoption.

“Conditional approval of our trust bank charter represents a major step forward – setting the highest standards for stablecoin compliance with federal and state oversight,” said Ripple CEO Brad Garlinghouse. “While anti-innovation bank lobbyists may claim otherwise, we ensure RLUSD is the most transparent and responsibly managed stablecoin on the market today.”

With final approval from the OCC, Ripple can provide stronger protection for RLUSD holders while ensuring the highest level of accountability and security. RNTB Services will also expand the same regulatory rigor behind RLUSD into its broader payments and institutional service offerings. The utility has driven adoption, as RLUSD has surpassed $1 billion in market cap in less than a year, and is actively used in Ripple’s payment solutions and as collateral by prime brokers such as Ripple Prime, underscoring the real-world demand for a regulated and trusted stablecoin.

Ripple Payments, built on the company’s more than a decade of experience, leverages digital assets and stablecoins for real-time settlement, efficient on/off lines, and global liquidity. Ripple’s payment network covers over 90% of the global Forex market, processing over $95 billion to date.

About Ripple

Ripple is a financial technology company that offers crypto solutions for businesses. Ripple Payments uses blockchain to make cross-border payments faster, more transparent and widely accessible. Ripple Custody offers customers a secure way to store and manage digital assets. Through Ripple Prime, the company offers global multi-asset prime brokerage for institutional customers. Ripple’s stablecoin (RLUSD) and cryptocurrency, XRP, are leveraged throughout these solutions to make traditional finance more efficient and enable new ways to leverage digital assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251212075832/en/

Contact

Media Contact:

Susan Hendrik

Press@ripple.com