The Deadline For The Ripple Bank Is Almost Here – Important Date draws Close

Ripple’s bold move towards traditional finance is… He is approaching an important stage. The company’s application with the US Office of the Comptroller of the Currency (OCC) for a National Trust Bank charter, proposed as Ripple National Trust Bank, has entered its final review window.

According to official OCC filings, the standard 120-day review period after the application is published is set to end on Friday, October 31.

Ripple applied for a National Trust Bank license

Ripple applied for a national credit bank charter from the Office of the Comptroller of the Currency (OCC) on July 2, 2025. The application was for a national credit bank, not a traditional bank, and intended to provide credit activities such as custody and infrastructure for its RLUSD stablecoin. The application was submitted in early July and entered the public review phase in October.

The Ripple National Trust Bank implementation represents Ripple Labs’ strategic expansion into federally supervised financial services. If approved, the charter would allow the company to operate a national credit bank headquartered at 111-119 West 19th Street in New York City. The application lists company luminaries such as Stuart Alderotti, Timothy Kenney, John MacDonald, David Booth, and John Zavaglia as organizers, with Ripple Labs Inc. Which operates as a sponsoring organization from its base in San Francisco.

The move expands the company’s push beyond cross-border payments into large-scale institutional custody and settlement. It is also in line with the company’s ongoing efforts to establish the RLUSD stablecoin as a regulated and transparent digital dollar. As Ripple CEO Brad Garlinghouse noted, if approved, the company will have state and federal oversight, a new and unique standard of trust in the stablecoin market. This comment It was made by the CEO of Ripple In July 2025 as confirmation of the license application.

120-day review window and what comes after that

Under OCC procedures, applications for national trust bank charters are subject to a 120-day review to evaluate governance, capitalization, compliance programs, and adequacy of management. Ripple introduced this timeline after submitting it to the public, meaning the review period ends on October 31. At this point, the OCC may issue a preliminary decision to approve, deny, or extend, depending on whether additional information is needed.

but, The US government shutdown continues It can affect the timing of a company’s license review. The payment company application is Part of a growing list of cryptocurrency-based companies seeking a national trust bank charter as the digital assets industry approaches full regulatory integration with traditional finance. Companies like Circle, Crypto.com, Coinbase, and Paxos It was also applied with U.S. Office of the Comptroller of the Currency (OCC) National Trust Bank Charters.

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