Ripple’s Federal Bank Trust Charter Application Boosts XRP by 3%

Ripple, the prominent digital asset firm associated with the XRP Ledger network, has taken a significant step toward expanding its regulatory footprint by applying for a national banking license with the Office of the Comptroller of the Currency (OCC). This move, confirmed by a Ripple spokesperson to CoinDesk, could allow the company to offer its crypto services across all U.S. states under federal supervision. The news has already positively impacted XRP, which saw a 3% price increase following the announcement. Ripple's existing $440 million RLUSD stablecoin, regulated by the New York Department of Financial Services, underscores its commitment to compliance and growth in the digital asset space. This development marks a pivotal moment for Ripple as it seeks to solidify its position in the financial sector, potentially paving the way for broader adoption of XRP and other Ripple-backed assets. The application aligns with the growing trend of cryptocurrency firms seeking regulatory clarity and legitimacy, which could further institutional interest in the sector. As of July 18, 2025, the market's bullish response highlights investor confidence in Ripple's strategic direction and the broader potential of XRP in the evolving financial landscape.

Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3%

Ripple, the digital asset firm closely tied to the XRP Ledger network, has submitted an application for a national banking license with the Office of the Comptroller of the Currency. The move, confirmed by a spokesperson to CoinDesk, would enable Ripple to expand its crypto services across state lines under federal oversight.

The company already issues the $440 million RLUSD stablecoin, regulated by the New York Department of Financial Services, and offers digital asset custody. XRP, the native cryptocurrency of the XRP Ledger, rose 3% following the announcement.

Ripple's application mirrors recent efforts by Circle, the issuer of USDC, which also sought a federal charter. These developments signal a growing trend among stablecoin firms to secure federal regulation as U.S. lawmakers advance crypto market structure legislation.

Anchorage Digital, a crypto custodian, already holds a federal charter, setting a precedent for others in the industry.

Ripple Pursues U.S. Banking Charter to Strengthen Regulatory Position

Ripple Labs has formally applied for a national banking license with the Office of the Comptroller of the Currency, marking a strategic push into regulated financial services. CEO Brad Garlinghouse framed the MOVE as an evolution of the company's compliance-first approach, emphasizing its $250 billion addressable market for blockchain-based settlements.

The San Francisco-based firm simultaneously revealed that subsidiary Standard Custody sought a Federal Reserve master account, which WOULD enable direct holding of Ripple's stablecoin reserves with the central bank. "Our infrastructure meets institutional expectations for security and regulatory adherence," Garlinghouse stated, positioning RLUSD as a compliant alternative in the competitive stablecoin sector.

XRP Holders Brace for Big Moves as ETF Hopes and Legal Wins Align

Ripple's legal saga with the SEC reaches a pivotal moment as the company officially ends its appeal. Institutional interest surges with Grayscale's GDLC Fund, now converted to a spot ETF, including XRP among its holdings. Ten standalone XRP spot ETF applications await SEC review, while nine companies pledge nearly $1 billion in treasury allocations to the asset.

The market anticipates Leveraged XRP ETFs from Tuttle Capital by mid-July unless SEC opposition arises. Paul Barron's bullish commentary reflects growing optimism among XRP holders, fueled by regulatory milestones and product innovation. Grayscale's ETF conversion sets a precedent that could accelerate approval of dedicated XRP funds.

Ripple Expands Stablecoin Infrastructure Partnership as it Seeks Bank License

Ripple has forged a strategic partnership with London-based fintech firm OpenPayd to develop a stablecoin and payments infrastructure tailored for businesses requiring efficient cross-border money movement. The collaboration centers on Ripple USD (RLUSD), enabling direct minting and burning capabilities through OpenPayd's platform.

Concurrently, Ripple has applied for a national banking license with the Office of the Comptroller of the Currency, a move that would grant federal regulatory approval for expanded crypto services across U.S. state lines. The company's payment network already processes over $70 billion annually across 90 markets.

"The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets," said Jack McDonald, Ripple's SVP of stablecoins. The development follows Ripple Labs' decision to withdraw its cross-appeal against the SEC, marking a potential resolution to their prolonged legal dispute.

Japan Integrates XRP as Core Financial Infrastructure, Setting Global Benchmark

Japan has emerged as a global leader in blockchain adoption by fully integrating XRP into its national financial systems. The move follows SBI Holdings' strategic ¥3 billion investment in Ripple in 2016, which granted the Japanese conglomerate a 17% stake and positioned it as a key driver of Ripple's Asian expansion through SBI Ripple Asia.

Over 80% of Japanese banks, including financial giants MUFG and Mizuho, have adopted Ripple's blockchain solutions for cross-border payments. This institutional embrace transforms XRP from a speculative asset into operational financial infrastructure—a distinction no other nation has achieved at scale.

Regulatory clarity and early corporate backing created an ecosystem where Ripple's technology became synonymous with banking innovation. While Western regulators debate frameworks, Japan's live implementation demonstrates how digital assets can function as settlement rails rather than just investment vehicles.

Ripple Applies for U.S. National Bank License, XRP Price Holds Steady

Ripple has taken a significant step toward mainstream finance by applying for a national banking license in the United States. CEO Brad Garlinghouse framed the move as an extension of the company's compliance-focused ethos, noting that approval would place Ripple under both state (via NYDFS) and federal oversight—a rare distinction in the crypto sector.

XRP's price remains range-bound, oscillating between $2.10 support and $2.35 resistance. The lack of decisive momentum reflects market anticipation of regulatory developments. "This sets a new benchmark for trust in stablecoins," Garlinghouse tweeted, underscoring the strategic importance of the charter application.