Ripple Wins Final OCC Approval for National Trust Bank Charter
The OCC has given Ripple final approval to form the Ripple National Trust Bank, converting a conditional charter granted in December 2025 into an operating national trust bank for a major digital-asset issuer.
MoFo's Financial Markets & Innovation roundup reports that on October 26 the Office of the Comptroller of the Currency gave Ripple final approval to establish the Ripple National Trust Bank, following an application filed July 2, 2025 and a conditional charter granted December 12, 2025. The material development is the conversion of a conditional approval into an operative national trust bank charter, which brings a prominent digital-asset issuer inside the federal banking supervisor's perimeter and gives it a federally supervised balance-sheet vehicle that may displace reliance on state money-transmission or other arrangements.
For major-firm clients, that matters across fintech, payments and banking teams. A chartered national trust bank changes who supervises the entity, what prudential and compliance standards attach, and how products built on that vehicle are marketed and distributed in the United States. It also indicates that the OCC continues to work through a queue of digital-asset charter applications, which competitors, sponsors and bank partners will treat as a template.
Counsel should watch the OCC's conditions of approval and the bank's stated permissible activities as operational details emerge, and should reassess arrangements that rely on unchartered or state-chartered digital-asset service providers. Note that the underlying roundup covers multiple items; only the Ripple entry is evidenced here.