Ripple Secures Conditional Approval from OCC to Establish Ripple National Trust Bank

OCC Approval for Ripple National Trust Bank: Ripple has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter Ripple National Trust Bank, allowing it to operate under federal oversight alongside other digital asset firms.

Regulatory Compliance and Services: The approval supports Ripple's stablecoin, RLUSD, which will be supervised at both state and federal levels, and once conditions are met, the bank will offer custody and payment services.

Industry Context and Partnerships: Ripple's approval comes amid ongoing discussions in Washington regarding stablecoin regulations and digital asset market structure, and the company has also partnered with European bank AMINA for cross-border payments.

Future Plans and Federal Reserve Access: Ripple is seeking a Federal Reserve master account to enable direct settlement through U.S. payment systems, further integrating its services into the traditional banking framework.