• 3 August 2025
• |
• 20:01

Ripple has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) seeking approval to launch a limited-purpose national trust bank, according to new public records shared by crypto researcher WrathofKahneman.

The proposed institution would serve as a regulated vehicle for holding RLUSD reserves—Ripple’s dollar-pegged stablecoin—and for developing infrastructure for tokenized financial products.

The move could pave the way for direct Federal Reserve access in the future, though no formal steps in that direction have been confirmed.

Notably, the bank wouldn’t operate like traditional financial institutions. Under the Community Reinvestment Act (CRA) exemptions, the entity is designed to avoid retail operations entirely—meaning no deposits, no lending, and a full focus on B2B trust services.

Observers were quick to note the absence of any reference to XRP in the application. Analysts suggest this was intentional, as Ripple seeks to clearly separate XRP from its regulatory filings in an effort to avoid additional scrutiny. Still, future integration of XRP products isn’t explicitly ruled out.

Ownership of the new bank would remain under Ripple Labs, with executive-specific shares issued internally. Portions of the filing have been kept confidential, which some in the crypto community interpret as a possible precursor to a future IPO.

At its core, Ripple’s application signals a move to formalize and regulate its expanding role in tokenized finance—through a federally chartered entity built to support enterprise-level services.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Next article