Ripple CEO: The U.S. OCC has approved the establishment of a national trust bank to support RLUSD and digital asset custody

Ripple CEO Brad Garlinghouse stated that the Office of the Comptroller of the Currency (OCC) has finally approved the application related to Ripple National Trust Bank. This approval will provide Ripple with a business platform under a federal regulatory framework to support its dollar stablecoin RLUSD and offer digital asset custody services to enterprise clients.

Garlinghouse noted that this move reflects the integration of the cryptocurrency industry with the traditional banking system, emphasizing the importance of innovation, accountability mechanisms, and federal regulation.