Add as a preferred source on GoogleOCC Grants Final Approval to Ripple National Trust Bank
The charter covers management of segregated Ripple USD (RLUSD) reserves and fiduciary digital-asset custody. A separate state-regulated entity will remain RLUSD’s issuer.
The Office of the Comptroller of the Currency (OCC) granted final approval to Ripple National Trust Bank, clearing the way for it to manage RLUSD reserves and provide fiduciary digital-asset custody.
The charter covers management of segregated reserves backing Ripple USD (RLUSD). It also permits fiduciary digital-asset custody.
A separate state-regulated entity will remain RLUSD’s issuer.
The OCC will directly supervise the bank under its federal charter.
Ripple CEO Brad Garlinghouse announced the approval just before Ripple Swell.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.