The OCC granted conditional approvals for five national trust bank charters, including Ripple and BitGo.

Approved firms may offer federally regulated crypto custody and trust services pending final requirements.

The Office of the Comptroller of the Currency (OCC) has conditionally approved five applications for national trust bank charters, including Ripple National Trust Bank and BitGo Bank & Trust.

The approvals allow these firms to join the U.S. federal banking system, pending fulfillment of regulatory conditions.

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