• Ripple is applying for a U.S. national bank charter to support its RLUSD stablecoin operations.
• The company also wants access to the Federal Reserve’s payment system through a Master account.
• The trust bank will focus on B2B services only, with no involvement in XRP for now.

Ripple is taking a major step toward embedding itself within the U.S. financial system. The blockchain firm has applied for a national bank charter from the Office of the Comptroller of the Currency (OCC).

This new bank isn’t aimed at the public. It won’t take deposits or issue loans. Instead, it will serve business clients and focus on holding reserves for Ripple’s own stablecoin, RLUSD.

This structure means the bank won’t fall under rules that apply to retail banks. The plan is to build a financial entity that plays a background role in digital finance, offering infrastructure without dealing with everyday consumers.

A known XRP community member, Wrathofkahneman, highlighted that the OCC application doesn’t mention XRP. This appears to be a deliberate choice, keeping the token separate from the trust bank’s approval process. Ripple Labs will fully own the trust bank and has issued private stock to company executives, a detail often seen in companies exploring future public listings.

Also Read: Banks Bet Big on Blockchain: Ripple Report Reveals $100 Billion+ Investments

Ripple Seeks Fed Master Account to Boost RLUSD Infrastructure

The company isn’t stopping with just the charter. The company is also asking for a Master account with the Federal Reserve. This would allow it to hold RLUSD reserves directly with the Fed and access the central bank’s payment systems. That could mean faster settlements and fewer middlemen, making Ripple more competitive in the growing tokenization space.

4⃣ This trust bank is explicitly built for #RLUSD. Notice no mention of #XRP here. Conjecture: It behooves Ripple to distance XRP from the bank’s regulatory application to avoid conflating an OCC-supervised trust bank w/ a token at this point. That said, nothing precludes future… pic.twitter.com/AHUDnEON1g

— WrathofKahneman (@WKahneman) August 2, 2025

If granted, the Master account would also give Ripple more control over how it moves money, something few crypto firms currently have. It’s a bold move that could bring Ripple one step closer to operating like a traditional financial institution, but with blockchain at its core.

The trust bank’s focus on business services, not retail, makes it more likely to meet the Fed’s strict criteria. Ripple is clearly trying to build a solid foundation for RLUSD while keeping clear boundaries around XRP, at least for now.

No Retail Banking or Consumer Accounts Planned

The company’s plan doesn’t include offering consumer banking products. It won’t be applying for a money transmitter license or deposit insurance. Instead, this is a clean-cut approach: create a compliant, federally regulated structure to support the back-end of tokenized finance.

If its requests are approved, the company could become a major player in U.S. financial infrastructure. It would mark a shift from being just a crypto company to becoming part of the country’s regulated banking system.

Also Read: Ripple Ignites Institutional Crypto Boom with Hidden Road Acquisition