Ripple Secures Bank Approval. But XRP’s Timeline Slips
Photo: DailyCoin
Ripple has received final approval to stand up a national trust bank in the United States, locking in a regulatory milestone at the same time several proposed XRP investment products keep facing delays and amendments. The Office of the Comptroller of the Currency's (OCC) granted the final approval for Ripple to build their own federally supervised national trust bank. https://twitter.com/bgarlinghouse/status/2114860293859778775 The approval finishes the chartering process for Ripple National Trust Bank, which earlier held only conditional clearance. It gives the company a federally supervised entity for trust and custody operations, potentially strengthening its hand in institutional digital-asset markets.
Source: DailyCoin
