Brad Garlinghouse: Ripple National Trust Bank receives final approval from U.S. OCC

Brad Garlinghouse: Ripple National Trust Bank receives final approval from U.S. OCC
Ripple national trust bank gets OCC approval

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.

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.

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