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Ripple has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank as a federally supervised platform for digital asset services.
Brad Garlinghouse, chief executive officer, highlighted that the new institution will support RLUSD and enable enterprise-level digital asset custody. Garlinghouse added that the company has consistently maintained that crypto and banks work better together.
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Garlinghouse previously expressed enthusiasm for XRP following a long period of anticipation in a recent post. His remarks have kept attention on Ripple Labs' ongoing initiatives. The latest OCC approval adds another step to Ripple’s expansion into regulated digital asset services.