According to official OCC filings, the standard 120-day review period following the application’s publication is set to conclude this Friday, October 31.
Ripple applied for a national trust bank charter from the Office of the Comptroller of the Currency (OCC) on July 2, 2025. The application was for a national trust bank, not a traditional bank, and is intended to provide fiduciary activities like custody and infrastructure for its RLUSD stablecoin. The application was made in early July and entered a public review phase in October.
The Ripple National Trust Bank application represents Ripple Labs’ strategic expansion into federally supervised financial services. If approved, the charter would authorize the firm to operate a national trust bank headquartered at 111-119 West 19th Street in New York City. The application lists senior figures in the company like Stuart Alderoty, Timothy Keaney, John McDonald, David Puth, and John Zavaglia as the organizers, with Ripple Labs Inc. serving as the sponsoring institution from its San Francisco base.
Under OCC procedures, applications for national trust bank charters undergo a 120-day review to assess governance, capitalization, compliance programs, and management suitability. Ripple’s application entered that timeline after its public filing, meaning the review period ends on October 31. At this point, the OCC may issue an initial decision of approval, denial, or extension, depending on whether additional information is needed.
