Ripple's application came a day after a stablecoin issuer, Circle, made a similar application.
The latest development has pushed the price of XRP to a high of $2.27 on the daily chart.
Ripple has applied for a national trust charter from
the U.S. Office of the Comptroller of the Currency (OCC), a move that would
allow the crypto firm to expand its services across the country under federal
regulation.
The application, confirmed by a company spokesperson,
marks a strategic shift toward deeper regulatory engagement at the national
level.
This above is an advertisement by Utip
“True to our long-standing compliance roots, Ripple is
applying for a national bank charter from the OCC. If approved, we would have
both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for
trust in the stablecoin market,” Brad Garlinghouse, Ripple’s CEO, said.
XRP News: Industry Trend Toward Federal Regulation
The decision aligns Ripple with a growing list of
crypto firms seeking national oversight amid evolving U.S. legislation.
Stablecoin issuer Circle has submitted a similar application in recent months,
highlighting a broader industry trend toward establishing federal licenses to
streamline compliance and service delivery.
Ripple currently offers a $470 million stablecoin,
RLUSD, which is regulated by the New York Department of Financial Services. The
company also provides digital asset custody services. A national banking
license would enable it to consolidate and scale these operations across state
borders, eliminating the need for multiple state-level approvals.
Interestingly, Circle has also applied to establish a national trust bank in the United States, marking its first major regulatory move since going public in an IPO that valued the company at nearly $18 billion. The application was submitted to the Office of the Comptroller of the Currency (OCC), the same regulator approached by Ripple for a similar license.
If approved, the charter would allow Circle to act as a custodian for its own stablecoin reserves and manage digital assets on behalf of institutional clients. The license does not, however, authorize the company to accept traditional cash deposits or extend credit like a conventional bank.
XRP Analysis Market Reacts to Regulatory News
The market responded swiftly to the news, with XRP
rising 5% following the report. The price move underscores investor optimism
around Ripple’s regulatory progress, especially as lawmakers and agencies in
Washington advance discussions on stablecoin and crypto legislation.
XRP Price, Source: CoinMarketCap
Precedent Set by Anchorage Digital
Ripple’s application mirrors the approach taken by
Anchorage Digital, which already holds a federal banking charter and provides
crypto custody services.
As the regulatory landscape continues to shift, more
digital asset firms are expected to seek federal trust charters to gain
long-term legal certainty and better access to traditional financial
infrastructure.
Ripple has not yet disclosed a timeline for the OCC’s
review or approval of its application. However, the move signals a growing
acceptance among crypto companies that integration with federal regulators may
be key to operating at scale in the U.S. financial system.
Ripple has applied for a national trust charter from
the U.S. Office of the Comptroller of the Currency (OCC), a move that would
allow the crypto firm to expand its services across the country under federal
regulation.
The application, confirmed by a company spokesperson,
marks a strategic shift toward deeper regulatory engagement at the national
level.
This above is an advertisement by Utip
“True to our long-standing compliance roots, Ripple is
applying for a national bank charter from the OCC. If approved, we would have
both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for
trust in the stablecoin market,” Brad Garlinghouse, Ripple’s CEO, said.
XRP News: Industry Trend Toward Federal Regulation
The decision aligns Ripple with a growing list of
crypto firms seeking national oversight amid evolving U.S. legislation.
Stablecoin issuer Circle has submitted a similar application in recent months,
highlighting a broader industry trend toward establishing federal licenses to
streamline compliance and service delivery.
Ripple currently offers a $470 million stablecoin,
RLUSD, which is regulated by the New York Department of Financial Services. The
company also provides digital asset custody services. A national banking
license would enable it to consolidate and scale these operations across state
borders, eliminating the need for multiple state-level approvals.
Interestingly, Circle has also applied to establish a national trust bank in the United States, marking its first major regulatory move since going public in an IPO that valued the company at nearly $18 billion. The application was submitted to the Office of the Comptroller of the Currency (OCC), the same regulator approached by Ripple for a similar license.
If approved, the charter would allow Circle to act as a custodian for its own stablecoin reserves and manage digital assets on behalf of institutional clients. The license does not, however, authorize the company to accept traditional cash deposits or extend credit like a conventional bank.
XRP Analysis Market Reacts to Regulatory News
The market responded swiftly to the news, with XRP
rising 5% following the report. The price move underscores investor optimism
around Ripple’s regulatory progress, especially as lawmakers and agencies in
Washington advance discussions on stablecoin and crypto legislation.
XRP Price, Source: CoinMarketCap
Precedent Set by Anchorage Digital
Ripple’s application mirrors the approach taken by
Anchorage Digital, which already holds a federal banking charter and provides
crypto custody services.
As the regulatory landscape continues to shift, more
digital asset firms are expected to seek federal trust charters to gain
long-term legal certainty and better access to traditional financial
infrastructure.
Ripple has not yet disclosed a timeline for the OCC’s
review or approval of its application. However, the move signals a growing
acceptance among crypto companies that integration with federal regulators may
be key to operating at scale in the U.S. financial system.
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
