Ripple has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a federal charter to establish a limited-purpose national trust bank. According to public records, this new institution would serve as a regulated entity for holding reserves for Ripple’s stablecoin, RLUSD, and for developing infrastructure for tokenized financial products. The move could also open a path to direct access to the Federal Reserve in the future.
The proposed bank would not function like a traditional retail bank. It would be exempt from the Community Reinvestment Act (CRA) and would not accept deposits or offer lending services. Instead, its focus would be exclusively on B2B trust services.
Interestingly, the application makes no mention of XRP. Analysts believe this is a strategic decision to avoid additional regulatory scrutiny, though it doesn’t rule out the possibility of integrating XRP products in the future. The new bank would be owned by Ripple Labs, and parts of the filing have been kept confidential, leading some to speculate about a potential future IPO. This application represents Ripple’s effort to formalize and regulate its growing presence in the tokenized finance space through a federally chartered entity.
August 2025, Cryptoniteuae
