Ramp submits OCC Trust Charter application for digital asset custody, Simon Taylor notes

Ramp submits OCC Trust Charter application for digital asset custody, Simon Taylor notes
Ramp seeks OCC charter for asset custody

Ramp has applied for an OCC Trust Charter to offer custody services for digital assets. Simon Taylor, co-founder of 11:FS, shared this news and added that he believes this move could enable Ramp to custody stablecoins for clients who need such services. Taylor further suggested that, in time, Ramp may provide solutions related to tokenized money market funds and cash.

The OCC has reviewed similar applications in recent months. Rain, another fintech company, introduced embedded stablecoin wallets and filed with the OCC for a national trust bank. Earlier, Simon Taylor commented on the impact of consumer refund agents on retailers' sale costs. These developments point to growing interest in regulated crypto custody and stablecoin services.

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