Update
Ripple Gets Final Banking Approval
Ripple, a fintech company specializing in blockchain and crypto for cross-border transactions, has received final approval from the Office of the Comptroller of the Currency to launch its own U.S. national trust bank, Ripple National Trust Bank (RNTB). The approval, announced by CEO Brad Garlinghouse on X, marks a significant step towards integrating digital assets into the regulated traditional financial system. The new bank will manage reserves backing Ripple’s RLUSD stablecoin and offer regulated custody services for digital assets used in payments, trading, and treasury management.