Prominent crypto researcher SMQKE (@SMQKEDQG) has drawn attention to Ripple’s bid for a U.S. national trust bank charter, sharing an SBI document that examined how crypto firms could move closer to traditional banking.
In his post, SMQKE stressed that the charter “would allow direct integration of the XRPL into the U.S. banking mainframe.” His post highlights the importance of this development for Ripple’s stablecoin RLUSD and the role of XRP in regulated financial markets.
A Path into the U.S. Banking System
Ripple’s application with the Office of the Comptroller of the Currency seeks approval to establish Ripple National Trust Bank. The planned institution would not engage in full-scale commercial banking, such as deposit-taking or lending, but would focus on trust and custody functions as well as reserve management for RLUSD.
RIPPLE’S NATIONAL BANK CHARTER WOULD ALLOW DIRECT INTEGRATION OF THE XRPL INTO THE U.S. BANKING MAINFRAME
Documented.
pic.twitter.com/kQHTpPyRNc
— SMQKE (@SMQKEDQG) October 6, 2025
This regulatory status would bring RLUSD under federal oversight while maintaining compliance with state-level rules and could enable Ripple to pursue direct settlement access through a Federal Reserve master account.
The SBI document described an accelerating effort by non-depository fintech firms, including Ripple, Circle, Wise, and BitGo, to acquire special-purpose national bank charters in the U.S.
It noted that these charters would enable such companies to connect directly with core banking infrastructure without relying on intermediary banks, granting them the regulatory legitimacy needed to operate within the traditional financial system.
Benefits for RLUSD and XRP
For Ripple, securing this charter is closely tied to the future of its stablecoin RLUSD. A federally regulated trust bank would provide a more transparent and secure environment for RLUSD’s reserves, which are required to be backed by liquid assets such as U.S. Treasury bills and the U.S. dollar.
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Greater oversight could strengthen institutional confidence in the stablecoin, encouraging its use in enterprise payments and settlement operations across both domestic and international channels.
XRP will also benefit from this development. If RLUSD gains wider adoption due to the added credibility of a trust bank framework, the transactional flow on XRPL could increase significantly. A more active XRPL ecosystem would reinforce XRP’s utility as a bridge asset for cross‑border settlements, potentially improving liquidity and network value.
Awaiting the OCC’s Decision
The OCC typically reviews national trust bank applications within roughly 120 days, suggesting that a decision on Ripple’s filing could come before the end of the year. Approval would mark a significant regulatory milestone for the company, XRP, and RLUSD, aligning them more closely with the core U.S. financial system.
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