The Office of the Comptroller of the Currency (OCC) has granted Ripple conditional approval to establish a national trust bank. This development allows Ripple to operate as a federally supervised trust bank, a significant step in bridging the gap between digital assets and traditional finance.

The approval is part of a broader OCC initiative that also saw four other crypto-related firms receive similar charters: First National Digital Currency Bank, BitGo Bank & Trust, Fidelity Digital Assets, and Paxos Trust Company. These companies can now form national trust banks, which will operate under federal supervision.

This decision signals a growing trend of regulatory clarity for the digital asset industry in the U.S. It enables crypto-native firms to offer fiduciary services and custody for digital assets within the established banking framework, fostering greater trust and integration. For Ripple, this charter could enhance its ability to offer compliant enterprise blockchain and crypto solutions.