Ripple Steps Into Banking as ISO 20022 Arrives

According to Financial Times, Ripple has officially filed with the Office of the Comptroller of the Currency (OCC). The goal  to open a national trust bank in the United States.

Called Ripple National Trust Bank, it will be headquartered in New York. It will focused on digital asset custody and related financial services.

Why Ripple Is Starting Its Own Bank

The Federal Reserve’s real-time settlement system, is preparing to fully adopt the ISO 20022 messaging standard. That upgrade goes live on July 14, 2025. It could open new doors for financial institutions that are ready to connect with global payment networks. Ripple’s move appears to be right on cue.

A national trust bank is a federally regulated institution with the authority to offer financial services like digital asset custody. Also, payment processing, and trust management. These banks operate under the supervision of the OCC and must meet strict regulatory standards. This will give customers added assurance around security and compliance.

By becoming a regulated trust bank, Ripple will be able to offer institutional clients a broader range of services. Including the safekeeping of digital assets like Ripple USD (RLUSD).

ISO 20022: A Perfect Fit for Blockchain

The fact that Ripple’s banking announcement coincides with the rollout of ISO 20022 is more than a coincidence. ISO 20022 is a global messaging standard designed to make financial transactions more transparent, secure, and data-rich. Ripple’s technology already supports ISO 20022, making it easier for the company to offer compatible solutions to banks and payment providers.

This shift to a universal standard is expected to improve the speed and clarity of international payments—areas where Ripple has focused its mission from day one.

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