Ripple Seeks OCC Trust Bank Charter & Fed Master Account for RLUSD
Ripple has applied to the Office of the Comptroller of the Currency (OCC) for a limited-purpose national trust bank charter to form the Ripple National Trust Bank, a subsidiary wholly owned by Ripple Labs. The trust bank will hold RLUSD reserves and offer fiduciary services for digital payments—focusing on tokenization and business-to-business solutions without accepting deposits or issuing loans. Ripple is also seeking a Federal Reserve master account to bypass intermediary banks, lower transaction costs, and accelerate settlements. Governance will be overseen by a five-member board led by Chief Legal Officer Stuart Alderoty. This charter brings RLUSD stablecoin services under OCC supervision, enhancing regulatory compliance and scalability. Confidential sections of the application hint at a potential IPO and underscore Ripple’s broader goal to strengthen US financial infrastructure, improve payment efficiency, and boost institutional confidence in its digital assets.
Neutral
The news centers on licensing and infrastructure improvements for the RLUSD stablecoin and Ripple’s trust bank. Such regulatory compliance milestones typically occur with minimal immediate price movement in stablecoins like RLUSD, leading to a neutral short-term impact. Over the long term, enhanced Fed access and OCC oversight could support broader adoption and stable liquidity, benefiting market confidence without driving volatility. Traders should view this development as a positive infrastructure upgrade rather than a direct catalyst for price swings.