Ripple Wins Final US Bank Charter: CEO Calls It ‘Big News’ Ahead of Swell

Ripple has secured final federal approval for its national trust bank, advancing its plans for RLUSD reserve management and enterprise crypto custody. The charter places the institution under U.S. banking supervision and authorizes it to commence business. Enterprises will gain a federally supervised platform for stablecoin infrastructure and digital asset custody when Ripple National Trust Bank (RNTB) opens. Blockchain infrastructure provider Ripple disclosed the final approval from the Office of the Comptroller of the Currency (OCC) on Oct. 26. Brad Garlinghouse, CEO of Ripple, called the decision “Big news” ahead of Swell, Ripple’s annual blockchain and finance conference.