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Galaxy Digital (GLXY) has applied to the OCC to establish Galaxy National Bank, a New York trust bank offering crypto custody, trading and staking under one federal framework.

Ripple has received final OCC approval for Ripple National Trust Bank, adding federal oversight to RLUSD reserves and enabling fiduciary digital asset custody. $XRP traded near $1.29.

Ripple has won final OCC approval for Ripple National Trust Bank, allowing it to manage RLUSD reserves and offer enterprise digital asset custody. The news is closely watched by $XRP holders.