Ripple secured final approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank, a federally supervised national trust bank. The institution will manage segregated reserves for the RLUSD stablecoin, serve as collateral trustee for those reserves, and provide institutional digital asset custody services. RLUSD, issued by Ripple subsidiary Standard Custody & Trust Company, reached a market capitalization of approximately $2.5 billion. However, the bank will not operate as a traditional commercial bank, and the approval does not automatically create additional demand for XRP, which traded around $1.30 to $1.31 after the announcement. Ripple now faces the challenge of launching the bank and demonstrating how its regulated infrastructure can generate institutional adoption and direct demand for XRP.
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