Ripple’s ambition to expand its financial infrastructure took a formal step with the release of Volume 1 of its Interagency Charter Application, submitted to the Office of the Comptroller of the Currency (OCC). WrathofKahneman (@WKahneman), a crypto commentator on X, shared an analysis of the document, which outlines the company’s proposal to establish Ripple National Trust Bank . This is a limited-purpose national trust bank that would operate as a wholly owned subsidiary of Ripple Labs and be headquartered in New York. Though Ripple has been synonymous with the digital asset XRP, the application focuses more on its native stablecoin RLUSD. #Ripple ’s OCC Banking License application is now available! Vol. 1 is the public release. The application provides some clues about Ripple’s intentions and structure to consider. 1/6 pic.twitter.com/Qzr0dIASdD — WrathofKahneman (@WKahneman) August 2, 2025 The Purpose of Ripple’s Bank As the filing shows , Ripple is not applying for a traditional banking license involving deposit-taking or lending activities. Instead, the bank will handle fiduciary activities, enabling it to provide custody and infrastructure services in line with OCC oversight. Importantly, the trust bank will not fall under the Community Reinvestment Act (CRA), which applies only to institutions that engage in lending or deposit activities. The application states that, “as a national trust bank, the Trust Bank will not be subject to the CRA.” This positions the bank squarely within a business-to-business (B2B) framework, focused on custody, tokenization infrastructure, and stablecoin management, rather than retail banking. WrathofKahneman drew attention to XRP’s absence from the application. He believes that this move may be an intentional separation to avoid entangling a regulated banking entity with XRP because it has faced legal scrutiny . Still, the absence does not rule out a future XRP integration. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Confidential Strategy and Potential IPO Another dimension to the filing relates to Ripple’s internal structure and compensation plans. The application references a confidential stock benefit plan included in an unpublished exhibit, indicating that the company will issue private stock to executives and insiders. While this practice is not unusual, WrathofKahneman noted that the confidentiality suggests a broader corporate strategy, potentially in anticipation of increased scrutiny or even a future Initial Public Offering (IPO) . Ripple’s Commitment to Experience and Expertise The Trust Bank’s operational and governance structure also reveals Ripple’s commitment to experienced oversight. The initial list of organizers includes John McDonald, a seasoned financial executive and President of Standard Custody & Trust Company, and John Zavaglia, Ripple’s Treasurer with extensive experience in corporate finance and treasury operations. It also includes Stuart Alderoty , Ripple’s Chief Legal Officer, with over 35 years in regulatory and legal leadership across major financial institutions, Timothy Keaney, a former Vice Chairman of BNY Mellon, and David Puth, former CEO of CLS Group and Centre Consortium. Together, they will form the initial five-member board of directors, with Ripple retaining full ownership of the entity. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple’s OCC Banking License Application Is Now Available. Here Are the Details appeared first on Times Tabloid .
