Ripple, Circle, BitGo, and several other cryptocurrency firms have received conditional permission from the Office of the Comptroller of the Currency to establish national trust banks in the United States.
The decision represents a significant regulatory milestone, allowing these companies to expand services under a federally supervised framework.
The approvals could reshape how crypto firms interact with traditional banking, potentially strengthening custody, settlement, and compliance standards.
While the move may bring increased regulatory scrutiny, it is also expected to boost investor confidence and encourage participation from institutional players previously cautious about digital assets.
Commenting on the development, Ripple CEO Brad Garlinghouse said the approval is an important step toward delivering a more regulated and secure environment for customers.
Analysts believe this shift could accelerate the blending of blockchain-based services with traditional financial systems, setting the stage for further regulatory clarity and innovation across the U.S. crypto sector.
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