Search Results for "Ripple"
3 results for "Ripple"
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OCC Finalizes Rule Clarifying Digital Asset Custody for National Trust Banks
The OCC finalized a rule on February 27, 2026, clarifying permissible non-fiduciary activities for national trust banks, including digital asset custody. The rule does not impose moratoriums and supports ongoing fintech and crypto charter applications. This provides greater regulatory clarity for BaaS and embedded finance providers leveraging trust bank structures.
OCC Conditionally Approves Five National Trust Bank Charters for Digital Asset Firms
The OCC conditionally approved five national trust bank charter applications from major fintech and digital asset firms including Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. The approvals include two de novo charters and three state-to-national conversions. All five plan to focus on digital asset custody, with four also intending to issue stablecoins. This marks the first such approvals since 2021, signaling significant regulatory openness to crypto-native firms entering the banking system.
Circle, Ripple, Wise, and Erebor File OCC Bank Charter Applications
Circle, Ripple, Wise, and Erebor Bank submitted federal national bank or trust charter applications to the OCC. Trust charters limit activities to non-deposit and non-lending functions, while Erebor seeks a full-service charter with FDIC insurance. The filings reflect growing fintech demand for direct banking authority.