Ripple’s ambition to become a federally chartered bank has taken a significant step forward, with official confirmation from the company and new details from the XRP community revealing the proposed institution’s name: Ripple National Trust Bank.
Ripple Confirms Bank Charter Application
On July 2, 2025, Ripple CEO Brad Garlinghouse publicly confirmed the company’s application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). In his statement, Garlinghouse emphasized Ripple’s goal of creating a structure that brings RLUSD, its stablecoin launched in late 2024, under both state and federal oversight. The move, he said, would establish a “new and unique benchmark for trust in the stablecoin market.”
This charter would allow Ripple to operate under direct federal regulation, a rare and strategic move that positions the company ahead of looming U.S. stablecoin legislation and strengthens its role in the regulated crypto-financial ecosystem.
🚨 BREAKING: Ripple Applies for National Bank Charter 🇺🇸🏦
📜 Here is copy and proof: the official name is Ripple National Trust Bank📄 Application Type: New Bank Charter
🏛️ Bank Name: Ripple National Trust Bank
📍 HQ Location: 111-119 W. 19th Street, 6th Floor, New York, NY… pic.twitter.com/fwGhNcBZvD— XRP 🅧 Army (@Mullen_Army) July 11, 2025
Official Bank Name Revealed
While Ripple confirmed the application, the official name of the bank—Ripple National Trust Bank—was not publicly known until it was revealed by XRP 🅧 Army (@Mullen_Army) on X. The post included verifiable documentation showing that Ripple had filed for a new bank charter under Charter #25364, with its headquarters at 111–119 W. 19th Street, 6th Floor, New York, NY 10011.
Other key details from the filing include the request for trust powers and that the bank will operate under a holding company named Trust Bank. These disclosures have since been cross-verified with public OCC records, confirming the authenticity of the leak.
Institutional Strategy and Stablecoin Expansion
Ripple’s banking ambitions are tightly linked to the future of RLUSD, a stablecoin currently regulated by the New York Department of Financial Services (NYDFS). The company aims to expand RLUSD’s reach by placing it under federal regulation, likely in preparation for the expected passage of the GENIUS Act, which will mandate stricter reserve, redemption, and auditing standards for stablecoin issuers.
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The bank charter would allow Ripple to directly offer custody and fiduciary services to institutions, opening the door to deeper integration with traditional finance and offering end-to-end control over RLUSD issuance and redemption.
The Role of Standard Custody and Federal Reserve Access
In parallel, Ripple-owned Standard Custody & Trust Company has applied for a Federal Reserve master account. If approved, this would allow Ripple to hold reserves with the Fed and process RLUSD redemptions even outside banking hours, offering a major advantage in liquidity management and 24/7 operations.
However, challenges persist. Ripple’s significant XRP holdings may complicate capital adequacy requirements under Basel III, as crypto assets are often treated as intangible and deducted from capital. This has led to speculation that the trust bank may be operated through Standard Custody to bypass those hurdles.
A Defining Moment in Crypto-Banking Integration
The emergence of Ripple National Trust Bank marks a historic turning point for both Ripple and the broader crypto industry. By seeking federal trust status, Ripple positions itself at the forefront of compliant, scalable, and regulated blockchain finance. It’s not just a strategic move; it’s a declaration that the future of crypto is fully merging with the architecture of traditional banking.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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