Ripple Gets Its Bank Charter and a Seat at Wall Street
Photo: Pixabay (illustration)
The OCC granted Ripple final approval for a national trust bank. The bank will manage RLUSD reserves and offer institutional custody. Recent acquisitions let Ripple sell several services to one client. The charter does not by itself create new demand for XRP. Ripple received final approval from the US Office of the Comptroller of the Currency (OCC) on October 26 to open Ripple National Trust Bank (RNTB), a federally supervised institution that will hold the reserves behind its RLUSD stablecoin and provide digital asset custody to institutional clients.
Source: Crypto News Flash
