Ripple Receives Final US Approval for National Trust Bank Charter
Ripple has secured final federal approval for a national trust bank, enabling it to manage RLUSD stablecoin reserves and offer digital asset custody services.
Ripple has obtained final approval from US regulators to operate a national trust bank, a milestone that positions the blockchain payments company to take direct control of the reserves backing its RLUSD stablecoin and expand into digital asset custody services.
The approval represents a significant regulatory achievement for Ripple, which has spent years navigating legal and licensing challenges in the United States. Securing a national trust bank charter grants the company a federally recognized status that could strengthen institutional confidence in its products and operations.
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With the charter in hand, Ripple can now manage the reserves that underpin RLUSD in-house, reducing reliance on third-party custodians. The ability to offer digital asset custody broadens Ripple's service footprint at a time when demand for regulated crypto infrastructure is rising among banks, asset managers, and other institutional players.
The development comes as US policymakers are moving toward clearer frameworks for stablecoin issuers and crypto custodians, making Ripple's federal approval particularly timely. A nationally chartered trust bank is subject to federal oversight, which may appeal to institutional clients seeking counterparties with credible regulatory standing.
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