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Ripple Wins Final OCC Approval to Launch National Trust Bank

The Office of the Comptroller of the Currency has granted full approval for Ripple National Trust Bank, letting Ripple operate a federally supervised bank to

October 27, 2026Source: coindesk.com ↗

The Office of the Comptroller of the Currency (OCC) has approved Ripple National Trust Bank (RNTB), allowing Ripple to operate a specialized bank under federal supervision.

Ripple CEO Brad Garlinghouse announced the approval on X late Monday. Ripple first applied for the banking license in July 2025, and the OCC gave it conditional approval in December before granting full sign-off this week.

RNTB will manage the reserves backing Ripple's RLUSD stablecoin, acting as trustee for those reserves, and will offer regulated custody services for institutional clients using crypto in payments, trading and treasury management. RLUSD will continue to be issued by Ripple's New York-regulated unit, Standard Custody & Trust Company, meaning the stablecoin's setup will now be overseen by both state and federal regulators.

RLUSD and XRP

RLUSD launched in December 2024 and has grown to a market value of about $2.5 billion, placing it among the world's top 50 stablecoins.
It is used in Ripple's payments business and as collateral on Ripple Prime.
The stablecoin is backed by U.S. dollar deposits, U.S. government securities, and other cash-like assets, with BNY holding most of those reserves.
Ripple also uses XRP, the world's 5th largest digital asset, to facilitate cross-border transactions.

Ripple said it will keep working with the OCC, New York regulators, and others as the bank begins operating, particularly as the U.S. rolls out new stablecoin rules under the GENIUS Act.

Source: CoinDesk

Chinese National Extradited to US Over $36.9M Crypto Scam Laundering Scheme Tied to Tether USDT

Zheng Zhao, extradited from the Netherlands, faces up to 20 years in prison for allegedly helping launder $36.9 million from American scam victims through a

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Bitget Hacker Resumes Laundering Efforts on $388 Million Stolen Funds

The attacker behind the $388 million Bitget breach has moved $19.48 million across 52 transactions between October 21 and October 24, according to Arkham

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China Seeks to Seize 61,800 BTC Linked to $5.7 Billion Fraud Scheme

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China Seeks to Seize 61,800 BTC Linked to $5.7 Billion Fraud Scheme

Chinese prosecutors are moving to confiscate more than 61,800 Bitcoin and other assets tied to an alleged $5.7 billion fraud that affected over 102,000

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