Ramp Seeks OCC Trust Charter for Digital-Asset Custody
Ramp has applied to the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The proposed entity, Ramp National Trust Bank, would focus on fiduciary investment management and digital-asset custody. Trust banks of this type cannot accept deposits or make commercial loans.
The application was reportedly filed around October 16, 2026, and no review or approval timeline has been announced. Ramp, a New York-based fintech valued at $60 billion, reports a $2 billion annualized revenue run rate and serves more than 85,000 teams.
If approved, the charter would bring digital-asset custody under federal supervision and expand Ramp’s financial services. The application adds Ramp to a group that includes Circle, Ripple, Paxos and BitGo, which have also sought OCC trust charters. The filing is an early regulatory step, not an approval; decisions on those pending applications may offer clues about the OCC’s approach.
Neutral
The news is neutral for crypto markets in the near term. Ramp has only submitted an application, and the article reports no OCC decision or review timeline. The filing does not immediately change the availability of crypto custody, market liquidity or trading access, so it is unlikely on its own to act as a clear price catalyst for major digital assets.
The longer-term signal is modestly constructive for regulated crypto infrastructure. If approved, a national trust charter could let Ramp offer digital-asset custody within a federal framework, potentially bringing more business-finance customers into regulated crypto services. Similar charter applications from Circle, Ripple, Paxos and BitGo show that firms are pursuing this route, but pending applications are not evidence of approval. Traders are likely to watch OCC decisions and subsequent service launches rather than react strongly to this filing alone. Broader market direction, regulatory developments and liquidity conditions should remain more influential.