
Ripple National Trust Bank wins final OCC approval for crypto custody
- —RNTB will manage RLUSD reserves and custody digital assets for enterprise clients
- —The charter is limited to fiduciary activities, with no deposits or lending
- —RLUSD reserves now fall under both OCC and NYDFS oversight
- —Approval followed the GENIUS Act enacted in July 2025
Why it matters: Dual oversight is expected to boost confidence in RLUSD and sharpen Ripple's competition with Circle, Paxos and BitGo in stablecoins.
Source: Crypto Briefing