SAwoniyi 03/07/2025 SAwoniyi 03/07/2025

Ripple Moves Toward Bank Status, Sets Stablecoin Standard

On July 2, 2025, Ripple’s CEO Brad Garlinghouse announced a transformative step: Ripple has applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC).

If granted, this would place Ripple under both state and federal regulatory frameworks—a first in the stablecoin space. Additionally, through Standard Custody, Ripple has applied for a Federal Reserve Master Account, enabling direct custody of RLUSD reserves.

These moves signal Ripple’s commitment to regulatory transparency and long-term trust, crucial in a market exceeding $250 billion. Amid evolving crypto legislation, Ripple’s proactive stance could redefine institutional expectations. RLUSD, its stablecoin, gains an edge by aligning early with compliance benchmarks.

For the XRP community, this isn’t just good news—it’s a validation of Ripple’s vision to bridge the gap between blockchain innovation and traditional finance with integrity at its core.

SAwoniyi 13/10/2024 SAwoniyi 13/10/2024

Ripple Continues to Innovate and Expand with New Custody Features

In recent developments, Ripple has filed a cross-appeal of Judge Torres’s Judgment entered on August 7, 2024. This move highlights Ripple's commitment to defending its position and marks a significant step in the ongoing legal proceedings.

Furthermore, on October 10, 2024, Ripple announced the launch of new features and functionality to Ripple Custody, aimed at bringing bank-grade custody solutions to fintech and crypto businesses. These new features include simplified onboarding, XRPL tokenisation & DEX support, pre-configured policy frameworks, R/T compliance monitoring, and a new user interface. This expansion underscores Ripple's dedication to providing a robust infrastructure for digital asset management and signifies its proactive approach to addressing the market's evolving needs.

These recent developments demonstrate Ripple's resilience and determination to push forward despite legal challenges, solidifying its position as a leading provider of digital asset infrastructure. With its continuous innovation and commitment to enhancing its offerings, Ripple remains a key player in the ever-evolving fintech and cryptocurrency landscape.