Ripple National Trust Bank: Here Is Copy and Proof of Ripple’s Bank Name
2025-07-12 17:14:23
Main Idea
Ripple has applied for a national trust bank charter with the OCC, revealing its proposed institution name as Ripple National Trust Bank, as part of its strategy to expand its stablecoin RLUSD and integrate with traditional banking systems.
Key Points
1. Ripple CEO Brad Garlinghouse confirmed the company's application for a bank charter with the OCC on July 2, 2025, aiming to bring its stablecoin RLUSD under both state and federal oversight.
2. The proposed bank name, Ripple National Trust Bank, was revealed by the XRP community and verified through public OCC records, with headquarters in New York.
3. Ripple's banking strategy is closely tied to expanding RLUSD's reach, including compliance with the GENIUS Act for stricter reserve and auditing requirements.
4. Ripple-owned Standard Custody & Trust Company has applied for a Federal Reserve master account, which would enhance RLUSD's liquidity management and 24/7 operations.
5. Ripple's significant XRP holdings may pose challenges in its banking and stablecoin expansion efforts.
Description
Ripple’s ambition to become a federally chartered bank has taken a significant step forward, with official confirmation from the company and new details from the XRP community revealing the proposed institution’s name: Ripple National Trust Bank. Ripple Confirms Bank Charter Application On July 2, 2025, Ripple CEO Brad Garlinghouse publicly confirmed the company’s application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). In his statement, Garlin...
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