The Office of the Comptroller of the Currency granted Ripple Labs Inc. preliminary conditional approval to establish Ripple National Trust Bank in New York. A crypto commentator known as X Fi
The Office of the Comptroller of the Currency granted Ripple Labs Inc. preliminary conditional approval to establish Ripple National Trust Bank in New York. A crypto commentator known as X Finance Bull broke down the filing in an X post, and the structure behind it tells a bigger story than a routine banking application.
The OCC already determined that Ripple’s proposed trust, reserve-management and digital-asset custody activities qualify as permissible for a national trust bank. This isn’t a conventional bank that takes deposits and issues loans. The proposed institution centers entirely on digital finance.
Ripple’s trust bank would manage segregated liquid reserves that back RLUSD, the stablecoin issued through Standard Custody & Trust Company. The bank would also serve as collateral trustee for RLUSD holders. Beyond that, it plans to offer institutional digital-asset custody under direct federal OCC oversight.
The OCC set clear capital requirements. Ripple must hold at least $11.7 million in Tier 1 capital, along with specific liquidity protections that apply before and during operations.
Look, $XRP holders
Remember this, Ripple will establish a national trust bank in the United States of America once the OCC’s final conditions are satisfied.
This dips right now? I see it as a blessing.
I don’t believe we’ll see prices like this for much longer.
Read… https://t.co/MassQSlxokpic.twitter.com/ClzCritW23
— X Finance Bull (@Xfinancebull) August 8, 2026
The application lists John McDonald, John Zavaglia, Stuart Alderoty, Timothy Keaney and David Puth as proposed leadership. Brian Spahn also appears in the filing. Paul Hastings LLP attorneys Josh Boehm and Dana Syracuse worked on the application.
X Finance Bull highlighted the significance of Ripple’s legal history feeding into this moment. He wrote that “Ripple spent years fighting for regulatory certainty.” Now the company works toward building federally supervised infrastructure under its own name.
X Finance Bull addressed the current XRP price directly. He called the recent dip “a blessing” and said he doesn’t expect to see these price levels much longer.
He also acknowledged that regulatory progress doesn’t guarantee a price increase. He posed the question himself: does this automatically send XRP higher? His answer was no. But he described a disconnect between Ripple’s expanding role in regulated American finance and where XRP currently trades. He said watching that gap “feels completely disconnected from where the company is positioning itself.”
X Finance Bull closed his post with a clear signal of his own market position, writing “LOCKED AND LOADED” to describe his stance on XRP.
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