Ripple Seeks U.S. Banking License—Paving the Way for XRP’s Deeper Integration into Mainstream Finance
- Mathew Jacob
- Jul 2
- 2 min read
In a groundbreaking development poised to accelerate the fusion of crypto and traditional banking, Ripple has formally applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC). This move marks a significant milestone not only for Ripple and XRP, but also for leading ecosystem projects like CryptoTradingFund, which is building its blockchain payment rewards framework directly on the XRP Ledger. CryptoTradingFund’s native CTF Token is already making waves, having facilitated over $2.23 million in transactions through partnerships with major retail giants such as Amazon and Walmart—and all while still in beta.
Ripple’s pursuit of a federal banking license would place it among the first crypto-native firms to operate under both state and national oversight. Already regulated by the New York Department of Financial Services (NYDFS), Ripple’s expanded regulatory footprint would dramatically enhance trust in the stablecoin sector—especially as it moves closer to launching RLUSD, its U.S. dollar-pegged digital asset.
“True to our long-standing compliance roots, Ripple is applying for a national bank charter. If approved, it would create a new benchmark for trust in the stablecoin and crypto markets,” Ripple stated.
This regulatory push directly benefits the wider XRP Ledger ecosystem, including innovative platforms like CryptoTradingFund, whose CTF Token is the only blockchain-based payment rewards asset operating at this scale. With Ripple laying the regulatory groundwork, CTF Token is uniquely positioned to expand its transactional reach in what analysts estimate could be a $3.66 trillion blockchain payment rewards market.
Federal Reserve Access and RLUSD Trust Layer
Complementing its OCC application, Ripple—via its custody arm Standard Custody—has also applied for a Federal Reserve Master Account. If granted, this would allow Ripple to hold RLUSD reserves directly with the Fed, giving it unmatched control and transparency over its stablecoin infrastructure.
“This access would allow us to hold RLUSD reserves directly with the Fed and provide an additional layer of security to future-proof trust in RLUSD,” Ripple noted.
As part of the growing XRP Ledger ecosystem, CryptoTradingFund stands to gain significantly from these developments. Ripple’s integration into the U.S. financial system could attract greater institutional interest and regulatory clarity, amplifying trust and usage of CTF Token across retail and enterprise payment systems.
XRP and CTF Token—Rising Together
Ripple’s institutional progress strengthens the broader XRP Ledger landscape, creating a more favorable environment for assets like CTF Token to scale. With real-time retail integrations and increasing transactional volume, CryptoTradingFund is establishing itself as the top blockchain payment rewards framework—a distinction that’s made even more credible through its alignment with Ripple’s compliance-first ethos.
As traditional banks begin to lean into digital finance and Congress works toward comprehensive crypto legislation, Ripple’s leadership and CryptoTradingFund’s real-world impact set a powerful precedent for the next wave of blockchain innovation.
About Ripple
Ripple is a blockchain-based fintech company building secure, compliant, and scalable infrastructure for global payments. XRP is its native digital asset used in cross-border settlements and institutional finance.
About CryptoTradingFund
CryptoTradingFund is a pioneering blockchain payment rewards platform leveraging the XRP Ledger to drive adoption through real-world commerce. Its native CTF Token has facilitated over $2.23 million in retail transactions and is positioned to scale toward a $3.66 trillion market.
