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Ripple CEO Brad Garlinghouse said October 26 that the Office of the Comptroller of the Currency has granted final approval for Ripple National Trust Bank, a step he described as providing a federally supervised platform for support of the RLUSD stablecoin and enterprise digital-asset custody.
In a post on his verified X account ahead of Ripple's Swell conference, Garlinghouse said the OCC had granted the approval. RailsRecord verified his statement directly. As of publication, RailsRecord had not independently located the OCC's final decision document, and the Ripple press-release URL provided to the newsroom could not be retrieved through its search tool. The final-approval claim is therefore attributed to the company's chief executive.
The announcement follows the OCC's December 12, 2025 preliminary conditional approval of the proposed Ripple National Trust Bank. That letter explicitly said final approval to begin business depended on satisfying pre-opening requirements. The distinction matters: the earlier decision authorized organization subject to conditions; it was not itself permission to open for business.
The earlier OCC letter described a proposed trust bank that would provide fiduciary digital-asset custody and services for Standard Custody & Trust Company, the New York-regulated Ripple subsidiary that issues RLUSD. Those planned services included managing segregated liquid reserve assets on a directed basis and acting as collateral trustee for RLUSD holders. The letter describes the proposed business at the time of conditional approval; RailsRecord has not reviewed the later final authorization or independently confirmed the start of each service.
A national trust bank is a specialized institution. The 2025 OCC decision described a bank that did not seek to take deposits or make loans, so this is not evidence that Ripple has opened ordinary checking or savings accounts. The scope and conditions of any final approval should be read from the regulator's current documents when available.
The distinction between Ripple's regulated business, the RLUSD stablecoin and XRP is also important. The announcement does not itself establish XRP purchases, a change in token demand, or any particular price outcome.
The statement came shortly before Swell, Ripple's New York conference scheduled for October 27–29. RailsRecord will update this report as the final OCC document and operational details become available.
Sources & evidence
Brad Garlinghouse, Ripple CEO, official X statement ↗
OCC conditional approval letter, December 12, 2025 ↗
Ripple conditional approval announcement, December 12, 2025 ↗
Visual: original AI-generated conceptual illustration, created for this headline. It does not document an actual event.
Author disclosure
AI-assisted reporting checked against the cited statement by Ripple's CEO and the OCC's 2025 decision. RailsRecord has not independently obtained the OCC's final decision document. The illustration is an AI-generated conceptual image with subtle animation, not a photograph. No financial interest was disclosed to the newsroom.
Corrections
Identify this article and the disputed claim in a correction request to corrections@railsrecord.com ↗. The publisher reviews supporting primary evidence.
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