Ripple launches national trust bank
The gist
Ripple received final OCC approval to charter Ripple National Trust Bank, announced by CEO Brad Garlinghouse.
The charter puts RLUSD's reserves under federal supervision, not a full banking license.
How it unfolded
- Dec 2024Ripple launches the RLUSD stablecoin.
- Jul 2025Ripple files its initial application for a U.S. banking license.
- Dec 12, 2025The OCC grants Ripple conditional approval.