Ripple Seeks Federal Charter for a New Limited-Purpose Bank
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. … Read more