Ripple CEO Brad Garlinghouse confirmed that the company has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) for its trust bank charter. The regulatory green light allows Ripple to operate a national trust bank, marking a significant milestone in bridging cryptocurrency infrastructure with traditional banking systems.
Garlinghouse emphasized the strategic alignment between digital assets and financial institutions, stating, "For years, we've said crypto and banks work better together." This approval enables Ripple to provide regulated custody and settlement services under federal oversight, further integrating blockchain technology into mainstream finance.
Ripple Secures Final OCC Trust Bank Approval, CEO Highlights Crypto-Bank Synergy
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