Ripple secures final US approval for national trust bank to manage RLUSD reserves

Ripple announced on October 26 that the Office of the Comptroller of the Currency granted final approval for Ripple National Trust Bank to manage RLUSD reserves, serve as collateral trustee and provide digital asset custody. The bank will not operate as a conventional commercial lender but will oversee segregated RLUSD reserves. Ripple CEO Brad Garlinghouse said the charter strengthens the foundation for institutional products across payments, custody and capital markets. Despite the approval, the immediate focus is on stablecoin reserves and custody rather than XRP itself.