Ripple Labs said on October 26, 2026, that it had received final approval from the US Office of the Comptroller of the Currency to establish Ripple National Trust Bank. The bank will not accept deposits, and Standard Custody & Trust Company will remain the issuer of Ripple’s RLUSD stablecoin.
Once operating, the new bank will manage segregated RLUSD reserves, act as trustee for collateral on behalf of RLUSD holders and be able to provide digital asset custody to institutional clients. Ripple said RLUSD’s market capitalization had reached $2.5 billion since its December 2024 launch.
