OCC Grants Ripple Final Approval for National Trust Bank
- —OCC granted final approval to Ripple National Trust Bank on October 26
- —The bank will manage RLUSD reserves and custody digital assets for institutions
- —BNY added XRP and RLUSD to its custody platform
- —Whales control 68.5% of XRP supply; 6 billion tokens flowed onto exchanges in 30 days
Why it matters: The charter legitimizes Ripple's institutional infrastructure but creates no direct demand for XRP, which is testing support near $1.20.
Source: CryptoTicker