The Wait for Ripple National Bank Two Days. Here’s What XRP Army Should Expect

Ripple's strategic initiative to integrate into traditional banking is approaching a critical juncture with the impending conclusion of its 120-day review period for the Ripple National Trust Bank (RNTB) application. This deadline, set for October 30, signifies a pivotal moment in the company's regulatory and strategic roadmap.

The application, officially submitted on July 2 to the Office of the Comptroller of the Currency (OCC), outlines the establishment of a federally regulated entity based in New York, with Ripple Labs Inc. identified as the sponsoring organization.

Key Leadership and Operational Details Revealed

Crypto commentator Xaif (@Xaif_Crypto) recently drew attention to the approaching October 30 deadline, sharing details about the proposed leadership for the bank. The official filing, endorsed by key Ripple executives, proposes the name Ripple National Trust Bank and designates its principal office at 111-119 West 19th Street, Floor 6, New York.

The leadership team comprises five principal organizers: John (Jack) McDonald, serving as President; John Zavaglia, as Chief Operating and Trust Officer; Stuart Alderoty, as Chief Legal Officer; Timothy Francis Keaney, focused on Institutional Strategy; and David Puth, responsible for Risk and Global Policy. This executive lineup underscores Ripple's commitment to establishing a robust and compliant banking operation under federal oversight.

Implications for XRP and the Broader Market

The potential approval of Ripple National Trust Bank could significantly enhance the utility of XRP by establishing regulated channels for financial institutions to engage with digital assets. This development has generated considerable excitement within the XRP community, with some analysts predicting a substantial price increase for XRP, potentially reaching $10, if the OCC grants its approval.

A federally chartered trust bank would empower Ripple to manage digital asset custody, facilitate settlements, and process cross-border transactions within a secure and regulated framework. Such capabilities are expected to bolster institutional trust in utilizing XRP as a bridge asset for payment and liquidity solutions.

Industry analysts suggest that obtaining a national trust bank charter would enable Ripple to streamline its operations and overcome state-specific regulatory hurdles. This could accelerate the formation of partnerships with major financial institutions and corporations seeking compliant access to blockchain-based settlement technologies. As the adoption of these technologies grows, the transactional demand for XRP could increase, potentially improving its standing in the market.

The OCC's forthcoming decision, anticipated shortly after the review period concludes, may establish a significant precedent for the integration of blockchain companies within the U.S. financial system. The establishment of a federally regulated trust bank would mark a major achievement for Ripple and XRP, particularly after years of navigating regulatory complexities.