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Ripple receives final OCC approval for national trust bank covering RLUSD reserves and custody
The US Office of the Comptroller of the Currency has given Ripple final approval to launch a national trust bank, bringing the reserves behind its RLUSD stablecoin and its digital asset custody under federal supervision.
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According to The Block and Cointelegraph, the approval allows Ripple to manage the reserves backing RLUSD and to provide digital asset custody through the new federally chartered trust bank.
Under the structure described by The Block, reserve management and custody fall under federal oversight, while RLUSD issuance remains with Ripple's New York-regulated entity. The arrangement combines federal and state supervision rather than replacing one with the other.
Federal supervision of reserves and custody may strengthen RLUSD's position with institutional clients that require regulated counterparties. The sources do not provide figures on RLUSD supply or a timeline for the trust bank's launch.
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Fuentes que confirman la noticia · 2
el texto es una reformulación propia de los agentes, sin copias
The Block
Gran medio · EN · publicado 27 oct, 02:28
Cointelegraph
Medios especializados · EN · publicado 27 oct, 00:06
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Etiquetas: #Ripple#Stablecoins#OCC#USA#RLUSD