Ripple Secures U.S. National Trust Bank License

Financial technology firm Ripple has secured a license to operate a national trust bank in the United States. 

The privately held company, which builds blockchain technologies for cross-border transactions and tokenization, can now operate a specialized bank under U.S. federal supervision.

The Office of the Comptroller of the Currency, the regulator that oversees American banks, has approved “Ripple National Trust Bank.” 

The license gives Ripple a traditional bank license. The company applied for the banking license in July 2025.

A national trust bank is a specialized financial institution that operates under a federal charter and can perform trust, fiduciary, and custody services on behalf of clients.

On social media, Ripple said that it plans to offer custody services to institutions, which means it will hold digital assets such as Bitcoin (CRYPTO: $BTC) for big companies.

Ripple will also help other companies use cryptocurrencies for payments, trading, and treasury management.

Ripple also plans to use the new bank license to expand its stablecoin (CRYPTO: $RLUSD), which is designed to maintain a 1:1 value with the U.S. dollar.

RLUSD debuted in late 2024 and has grown to a market value of about $2.5 billion U.S., ranking it among the world's top 50 stablecoins. 

The stablecoin is used in Ripple’s payments business and as collateral. Ripple also uses XRP (CRYPTO: $XRP) to facilitate cross-border payments and transactions.

As a private company, Ripple’s stock does not trade on a public exchange.