Ramp Applies for OCC Trust Bank Charter to Offer Digital-Asset Custody

Ramp applied Oct. 16 to establish a national trust bank that would provide digital-asset custody if approved, bringing the financial services platform into the federal charter process.

The application to the Office of the Comptroller of the Currency (OCC) names the proposed institution Ramp National Trust Bank. It would also offer fiduciary investment management. The bank would not accept deposits or make commercial loans.

Ramp is among several companies seeking national trust charters for digital-asset services. Rain’s Oct. 5 application proposed a bank offering digital-asset custody, stablecoin reserve management and token issuance.

Separately, the Independent Community Bankers of America (ICBA) sued the OCC on Oct. 2. ICBA argues that the National Bank Act does not authorize the agency to charter nondepository trust banks conducting substantial nonfiduciary business. The group seeks to nullify the OCC’s March 2026 chartering rule and Interpretive Letter 1176 and prevent their use in decisions on new or conditional charters.