Ripple National Trust Bank Targets Fed Access—Is RLUSD About to Go Full Scale?
2025-07-13 05:58:58
Main Idea
Ripple National Trust Bank is seeking a national trust bank charter and Federal Reserve access to strengthen its regulatory footprint and support its stablecoin RLUSD, combining state and federal oversight.
Key Points
1. Ripple filed with the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, aiming to operate under federal supervision.
2. The proposed Ripple National Trust Bank would be headquartered in New York City, with Brian Spahn listed as the spokesperson.
3. Ripple is pursuing a dual licensing model for its stablecoin RLUSD, combining oversight by the NYDFS and the OCC.
4. The GENIUS Act, which sets federal rules for stablecoins, requires full dollar backing, transparency, and compliance with AML/KYC laws.
5. Ripple’s subsidiary, Standard Custody & Trust Company, has applied for a Federal Reserve master account to hold RLUSD reserves.
Description
A major leap toward regulated crypto banking is underway as Ripple seeks a national trust bank charter to elevate stablecoin credibility and custody standards. Ripple National Trust Bank Deepens Regulatory Footprint With RLUSD Strategy Ripple is advancing its regulatory ambitions with an application to establish Ripple National Trust Bank, signaling a deepening push into federally
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