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Banking & Credit

Ramp Applies for OCC Charter to Offer Digital Asset Custody

Finance platform Ramp has submitted an application to federal regulators to establish a national trust bank focused on digital asset custody.

FTMQ Business, written by our newsroom2 views

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Picture: PYMNTS

Finance platform Ramp has submitted an application to the Office of the Comptroller of the Currency to establish a national trust bank, PYMNTS, TokenPost, and The Crypto Times reported. Ramp made the announcement on October 19, 2026, through a post on X. The application for the proposed Ramp National Trust Bank was submitted to the federal regulator on October 16, 2026, according to PYMNTS. [1][4][5]

The proposed national trust bank aims to provide fiduciary investment management and custody of digital assets, PYMNTS, TokenPost, and The Crypto Times all report. Ramp stated in its post that the proposed entity would bring these financial services under a consistent regulatory framework, PYMNTS added. [1][4][5]

A charter is a formal grant of authority or rights where the granter recognizes the prerogative of the recipient to exercise specific rights. In modern usage, the recipient operates under a specified limited status within that relationship. [8]

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In short

  • Ramp applied to the OCC on October 16, 2026, to form Ramp National Trust Bank.
  • The proposed trust bank will offer fiduciary investment management and custody of digital assets.
  • Ramp announced the filing on X on October 19, 2026.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Ramp Seeks National Trust Bank Charter for Digital Asset CustodyPYMNTS, 15d ago (the report this story comes from)
  2. [2]Citizens Trust Bank President & CEO Cynthia Day Elected Chair of the National Bankers AssociationPR Newswire Business, 15d ago
  3. [3]Own Digital Assets? Your Bank Can Now Lend Against It: BankSocial Brings Crypto-Backed Loans to Main Street Banks and Credit UnionsDisruption Banking, 15d ago
  4. [4]Ramp Applies for OCC Trust Bank Charter to Offer Digital-Asset Custodywww.tokenpost.com, 15d ago
  5. [5]Ramp Applies for OCC Charter to Offer Crypto Custody ServicesThe Crypto Times, 15d ago

Background

  1. [6]Bank of America on Wikipedia
  2. [7]Galaxy Digital (company) on Wikipedia
  3. [8]Charter on Wikipedia

Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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Earlier reports of ours on the same people and subjects.

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