According to CoinDesk, the Office of the Comptroller of the Currency has granted final approval for Ripple National Trust Bank (RNTB), a financial institution planned by Ripple. Ripple CEO Brad Garlinghouse announced this development on X.
The approval marks the culmination of regulatory review for RNTB under U.S. banking oversight. No details were provided regarding the bank’s operational scope, funding size, technology infrastructure, or intended customer base. The announcement came via social media by Garlinghouse; no official statement from Ripple or the OCC was referenced in the source.
Ripple previously announced plans to establish RNTB as its own U.S. national trust bank. The final go-ahead from the OCC fulfills that regulatory step, though implementation timelines or service offerings were not specified in the provided facts. The development relates solely to Ripple’s initiative and the agency’s decision; no partnership terms, investor involvement, or timeline beyond approval were mentioned.
