Ripple National Trust Bank receives final approval from OCC for crypto custody

Ripple: Ripple is a blockchain technology company that develops solutions for cross-border payments and digital asset infrastructure, including its XRP Ledger and stablecoin offerings. CEO Brad Garlinghouse has highlighted the company's receipt of regulatory approval to establish a nationally chartered trust bank. This positions Ripple to provide federally supervised custody services for enterprise crypto assets and its stablecoin. Brad Garlinghouse: Brad Garlinghouse is the chief executive officer of Ripple, where he leads strategic initiatives in blockchain payments and regulatory engagement. In the reported development, he announced the Office of the Comptroller of the Currency's final approval for Ripple National Trust Bank. His statements emphasize the creation of a compliant framework for digital asset custody under federal oversight. Regulation: The Office of the Comptroller of the Currency has issued final approval for a national trust bank charter enabling supervised crypto custody services. Stablecoin Infrastructure: The approved entity provides a federally supervised home specifically for enterprise custody of the RLUSD stablecoin alongside other digital assets.