XRP News Today: U.S. Regulators Allow Banks to Offer Crypto Custody Services, Boosting XRP

A groundbreaking shift has occurred in the U.S. financial system. The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly authorized U.S. banks to offer crypto custody services. This regulatory alignment officially greenlights the safekeeping of digital assets, marking a significant milestone for the cryptocurrency industry, and especially for XRP.

For the first time, America’s top banking regulators have issued unified guidance defining “safekeeping” as the act of holding digital assets on behalf of customers, with or without fiduciary responsibility. This clarity now allows U.S. banks to directly custody cryptocurrencies, a major step toward legitimizing and integrating digital assets into traditional finance. From retail clients to large institutions, banks can now offer secure, regulated storage of assets like XRP, without ambiguity.

This regulatory breakthrough is particularly significant for XRP. The XRP Ledger (XRPL) was purpose-built for institutional use, not speculation. Its design and architecture reflect its intended use for serious financial applications. With over 70 million ledgers successfully closed, transaction finality within 3 to 5 seconds, and native support for tokenization, the XRPL is technically primed for the custody role now permitted by regulators. XRP’s speed, scalability, and reliability make it uniquely suited to meet the needs of custodianship, and these capabilities are exactly what financial institutions require in a compliant and scalable custody framework.

This policy shift comes at a time when Ripple’s infrastructure is maturing at an institutional level. The company has already applied for a U.S. national bank charter, a bold move that, if approved, would make Ripple one of the few blockchain firms with formal banking privileges. Meanwhile, Ripple’s U.S. dollar-backed stablecoin, RLUSD, is being integrated into BNY Mellon’s custody platform. As one of the oldest and most trusted banks in the world, BNY Mellon’s involvement lends substantial credibility to the initiative. This stablecoin-custody pairing signals the readiness of Ripple’s architecture to handle regulated, fiat-pegged digital assets at scale.

Beyond financial integration, Ripple is also advancing identity solutions through the XRPL. The DNA Protocol, another innovation being built into the ledger, combines biometric identification and vGenome data with decentralized finance. This innovation adds a crucial layer of compliance and identity verification, meeting the growing demands of institutions and regulators in today’s digital landscape.

What we are witnessing is not just a policy change, it’s the formal institutionalization of XRP. With regulatory support now in place, Ripple’s robust infrastructure, stablecoin initiatives, and identity integrations are converging to make XRP a foundational rail for the future of finance. As noted, “Stealth mode is ending. Deployment has begun.” The institutions are moving in. The framework is set. And XRP stands at the heart of this evolution.