Ripple gets a final go-ahead to launch its own U.S. national trust bank
Photo: CoinDesk
Ripple, a fintech company building blockchain and crypto for cross-border transactions, and tokenization, can now run a specialized bank under U.S. federal supervision. The Office of the Comptroller of the Currency, the regulator that oversees national banks, has approved Ripple National Trust Bank (RNTB), Ripple’s CEO Brad Garlinghouse announced on X late Monday. In other words, one of crypto’s biggest players now has a traditional banking-style license, signaling that digital assets are being pulled further into the regulated traditional financial system.
Also reported by Cointelegraph, The Block, CryptoPotato, TheNewsCrypto.
Source: CoinDesk
