Ripple Nears National Trust Bank Status as OCC Rule Takes Effect April 1
Ripple has moved a step closer to securing national trust bank status as the Office of the Comptroller of the Currency’s landmark final rule on national trust bank activities officially takes effect April 1. The change clears a regulatory pathway that Ripple says would allow it to expand trust and custody operations under a federal framework, a development markets see as materially positive for XRP and institutional adoption.
While the rule’s implementation is a significant milestone, Ripple still needs to complete any required charter conversion or obtain formal approvals before operating as a national trust bank. If approved, the status could broaden Ripple’s product offering—particularly custody and payment services—while setting a precedent for other crypto firms seeking clearer banking routes and federal oversight.