Ripple gets its bank 🏛️

Ripple’s trust bank cleared its last regulatory hurdle with final OCC approval, even as Elizabeth Warren and community bankers challenge the charters.

Author

Stephen Graves
October 27, 2026

 

đź“ť What you need to know

Ripple has won final approval from the Office of the Comptroller of the Currency to open Ripple National Trust Bank, 10 months after the regulator conditionally signed off in December 2025. The federally supervised bank will manage the reserves behind Ripple’s RLUSD stablecoin, and offer digital asset custody to businesses.

The firm’s CEO Brad Garlinghouse took a victory lap on social media, calling the approval a “revolution” happening within the system. But not everyone is celebrating: Sen. Elizabeth Warren (D-MA) has called the OCC’s crypto charters illegal, and earlier this month the Independent Community Bankers of America sued the regulator, arguing the charters give crypto firms a “side door” into the banking system.

Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin

The federally supervised bank will manage RLUSD's reserves and offer custody, as banking groups fight crypto charters in court.

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đź“Š Myriad Insight of the Day

Myriad prediction marketOctober 27, 2026
Solana's next move: Pump to $160 or dump to $40?
Resolves when SOL hits either target first
$160 52%$40 48%
  
Why it matters
The pump to $160 has slipped to 52% from 55% last week as SOL fell to around $100, roughly 60% from either target. The news flow has been upbeat: J.P. Morgan Asset Management brought two tokenized money market funds to Solana, and Alpenglow went live. Jump Crypto's Firedancer team now makes researchers burn 1 SOL per bug report after AI-assisted submissions flooded a recent audit contest.
Source: J.P. Morgan Asset Management · Related: Solana Alpenglow goes live
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