Ripple Gets Final Trust Bank Nod; OCC Approved 18 of 19

Ripple said on 26 October 2026 that the Office of the Comptroller of the Currency had given final approval to charter Ripple National Trust Bank, ten months after the OCC conditionally approved it alongside four other digital asset firms. The trust bank will manage the reserves behind Ripple's RLUSD stablecoin, act as collateral trustee for those reserves and provide digital asset custody; RLUSD will still be issued by Ripple's New York-regulated trust company.

Ripple's release says the OCC announced the approval that day. The OCC's news releases of 22 and 27 October do not mention it, and HaiPay found no OCC document on the final approval.

Eighteen approvals, one denial

Ripple's charter is one of many. HaiPay read every OCC decision on a new national bank charter or a trust-company conversion dated from 12 December 2025 to 25 September 2026. Nineteen concern national trust banks, which can hold assets in custody and act as fiduciaries but cannot take deposits or make commercial loans. The OCC conditionally approved 18 of them and denied one, Wise National Trust, in July.

Five came on 12 December 2025: Ripple, First National Digital Currency Bank, and conversions by BitGo, Fidelity Digital Assets and Paxos. Approvals since then include Bridge, Coinbase, Foris DAX, Laser Digital, Morgan Stanley Digital Trust, World Liberty Trust Company and three in September alone. Over the same period the OCC decided ten full-service bank charters, approving nine, including Nubank, Mercury and Revolut, and denying bunq.

What this does not show

The OCC's decision index records conditional approvals, not final approvals or bank openings, so it does not show which of the other trust banks have since received final approval. Counts exclude mergers, branches and conversions of existing banks. HaiPay did not contact Ripple, the OCC or the other applicants.

What to watch

Whether the OCC publishes the Ripple final approval and others among the December group follow.

How many approved trust banks open before the GENIUS Act takes effect on 18 January 2027.

And whether the OCC's pace of trust charters continues into the October decisions.

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