The OCC granted final approval to Ripple National Trust Bank on October 26, 2026, ten months after conditionally granting its banking charter in December 2025. The federally supervised institution, which will not accept deposits or make loans, will manage the segregated reserves backing the RLUSD stablecoin and provide digital asset custody for businesses. RLUSD issuance and reserve custody by BNY Mellon will remain unchanged, but Ripple will add a federal trustee and independent monthly reserve attestations. The decision positions Ripple ahead of the GENIUS Act’s January 18, 2027, effective date, while the ICBA is challenging the OCC rule authorizing these charters in federal court.
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