Ripple wins final OCC approval for national trust bank
The OCC has signed off on Ripple National Trust Bank, which will manage RLUSD reserves, despite pushback from traditional banking groups.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Ripple announced on Oct. 26 that the OCC granted final approval for Ripple National Trust Bank.
- The bank is set to manage reserves backing RLUSD, Ripple's stablecoin.
- Traditional banking groups had objected to crypto firms entering regulated finance.
- What the approval means for XRP itself is still an open question.
Ripple now has final US approval for its own national trust bank. On Oct. 26, the company said the Office of the Comptroller of the Currency (OCC) cleared Ripple National Trust Bank to manage reserves for its RLUSD stablecoin, among other roles.
What was approved
The OCC is the federal regulator that charters national banks. Final approval means Ripple's trust bank moves from application to actual operation, under federal oversight. The charter covers handling RLUSD reserves, per Ripple's own announcement. The bank's other services? The source summary got cut off before listing them, so I won't guess. You shouldn't either.
The pushback
Traditional banking groups fought this. Their beef is crypto companies muscling into regulated finance. The OCC signed off anyway.
What about XRP?
Here's the catch. This is an RLUSD story first. The approval touches Ripple's stablecoin and its reserves, not the XRP token directly. Will it create real demand for XRP? CryptoSlate asked that question, and nothing disclosed so far answers it. Read the headlines with that in mind.
Why it matters
If you hold or use RLUSD, a federally regulated custodian for the reserves is a real trust upgrade. Reserves are where stablecoin worries usually start, so that counts for something. If you hold XRP, though, dial back the excitement. A bank charter for the stablecoin doesn't automatically turn into demand for the token. Watch what Ripple does with the charter next, and whether the banking lobby keeps swinging at it.
Source: CryptoSlate
Top Crypto Casinos Right Now
🇪🇸 Showing sites that accept players from Spain Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
Sofia Marek
Sofia reviews exchanges and crypto casinos, focused on fees, safety and what actually reaches the player.
