XRP Community Member Connects Ripple’s Bank Approval to a Much Bigger Strategy

Ripple has received final approval from the U.S. Office of the Comptroller of the Currency to establish Ripple National Trust Bank, but one XRP community member believes the bigger story goes well beyond RLUSD reserves. Ripple CEO Brad Garlinghouse confirmed that the federally supervised trust bank will support RLUSD and provide digital asset custody services for enterprises. The approved business plan allows Ripple National Trust Bank to manage segregated RLUSD reserves, act as collateral trustee for those reserves and offer fiduciary digital asset custody. RLUSD itself will continue to be issued by Ripple subsidiary Standard Custody & Trust Company.