Ripple receives conditional OCC approval.

On December 12, 2025, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Ripple's application to charter a National Trust Bank.

A preliminary approval requires Ripple to meet specific requirements for capital, compliance, and governance before receiving final authorization.

Charter:

• Federal authorization defines what a bank is legally allowed to do.

National Trust Bank:

• Holds and administers assets but cannot take deposits or make loans.

Commercial Bank:

• Accepts deposits and lends money.

It's important to distinguish between a Commercial Bank and a National Trust Bank. This charter allows Ripple to operate a federally regulated entity focused on digital asset custody and fiduciary services, but does not allow deposits or lending.

Ripple's custody and stablecoin infrastructure will now adhere to the same regulatory standards as traditional trust banks, which helps expand their business beyond just a conventional crypto-oriented entity.