RIPPLE GETS OCC'S UNCONDITIONAL CHARTER APPROVAL

Summary from the TLDR Fintech newsletter

Ripple has secured final OCC approval to launch a national trust bank, allowing it to provide digital asset custody and manage reserves backing its RLUSD stablecoin, but not accept deposits or make commercial loans. The company is also expanding its BNY partnership to support institutional custody and tokenized assets, explore tokenized trade finance, and eventually let clients mint and redeem RLUSD directly through the bank.