TLDR:
- Ripple applied for an American bank charter and Fed Master account to strengthen Rlusd reserves.
- The move would enable Ripple to offer regulated payment services without intermediate banks.
- Ripple aims to keep Rlusd reserves directly at Fed through his subsidiary, standard custody.
- Double monitoring from NYDFS and OCC can increase confidence in Rlusd among institutions and regulatory authorities.
Ripple has formal applied for a national bank charter in the United States, a feature that signaled its in -depth ambitions in regulated finance.
The application, submitted to the office for the foreign exchange controller (OCC), would keep the crypto company under federal surveillance. If approved, Ripple would be one of the first digital asset companies that hold both state and federal regulatory licenses.
The strategy comes when crypto players aim to bridge traditional financing, especially after years of regulatory friction. Ripple’s wider plan includes ensuring access to a Federal Reserve Master account, which can potentially reshape how its StableCoin works.
Ripple OCC application marks new regulatory path
Rippel press to become a nationally chartered bank reflects a pivot against more integrated financial services.
The Charter, if given, would allow the company to offer a regulated payment infrastructure directly and avoid intermediary banks. A spokesman for OCC confirmed that they received the application.
Brad Garlinghouse, Ripples CEO, stated that the company has long prioritized compliance and openness.
He noted that double surveillance, state level through the New York Department of Financial Services and Federal via OCC, would increase confidence in Ripples Stablecoin Rlusd. By adapting to both supervisory authorities, Ripple tries to set a new standard in digital asset control.
Faithful to our long -standing compliance roots, @Ripple Apply for a national bank charter from OCC. If approved, we would have both state (via NYDFS) and federal surveillance, a new (and unique!) Benchmark for confidence in the Stablecoin market.
Earlier this week via … https://t.co/idir7x3Ewz
– Brad Garlinghouse (@bgarlinghouse) July 2, 2025
In parallel with the OCC application, Ripple has applied for a Federal Reserve Master account through its subsidiary, standard care. This access would enable Ripple to hold Rlusd reserves Directly with Fed. Such a structure reduces dependence on commercial banks and improves reserve safety.
Garlinghouse emphasized that direct reserve storage complies with institutional expectations of security and liability. He added to hold funds with Fed would “secure” RLUSD’s framework and strengthen its position in a Stablecoin market exceeding $ 250 billion.
Crypto companies see opening after policy shift
Ripple’s double application coincides with a political change in Washington.
Earlier 2025, a Trump administration executive order rolled Back “Operation Chokepoint 2.0”, which had limited bank access for crypto companies. Since then, bank regulators have milded their attitude, with the Federal Reserve, which recognizes the banks’ right to serve compatible cryptocurents.
The changing environment has caused more crypto companies to seek direct links to the US banking system. Ripple’s move can be a benchmark in that transition.
By applying for full regulation integration, Ripple positions himself to meet the growing demand for stable, reliable digital payment systems in both public and institutional markets.
Ripples Stablecoin, Rlusd, has been placed as a completely regulated alternative in a fast -growing sector. The company’s current efforts aim to ensure that Rlusd fulfills the development of compliance while friction lowers friction for cross -border payments.
By applying for both a national banking license and a Fed Master account, Ripple creates an infrastructure that supports large-scale financial operations. This dual strategy can help RLUSD get faster assumption, especially among institutions that prioritize regulatory savings and risk reduction.
