Ramp Seeks OCC Trust Bank Charter for Crypto Custody Services
Corporate payments platform Ramp has applied for a US national trust bank charter to offer digital asset custody and investment management.
Corporate payments platform Ramp has applied for a US national trust bank charter to offer digital asset custody and investment management. This is an original Token Times brief synthesising 2 outlets (Blockonomi, Crypto.news), plus live market data, as of Tue, 20 Oct 2026 11:45:01 UTC.
This move would allow Ramp to operate under federal oversight while expanding into crypto custody and fiduciary services, potentially increasing institutional confidence in digital asset management. The application reflects growing interest in regulated crypto services.
- Ramp applied for OCC national trust bank charter on Oct. 16.
- Proposed Ramp National Trust Bank would offer crypto custody and fiduciary services.
- The bank would not take deposits or make loans.
- Ramp manages over $5B in customer balances.
Both Blockonomi and Crypto.news report that Ramp submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 for a national trust bank charter. They agree that the proposed Ramp National Trust Bank would offer digital asset custody and fiduciary investment management services under federal supervision. However, Crypto.news provides the specific date of the announcement (October 19), which Blockonomi does not mention. Both outlets confirm that the bank would not engage in traditional banking activities like taking deposits or making loans.
- Deutsche Bank Prepares to Launch Crypto Custody Services Within Weeks
- Ramp Seeks OCC Trust Bank Charter for Crypto Custody Services — this brief
Corporate payments platform Ramp has taken a significant step towards expanding its crypto services by applying for a US national trust bank charter. The application, submitted to the Office of the Comptroller of the Currency (OCC) on October 16, seeks to establish Ramp National Trust Bank.
If approved, the proposed bank would operate under federal oversight and offer digital asset custody and fiduciary investment management services. This move aligns with Ramp's existing business model, which focuses on providing payment solutions and managing customer funds.
According to multiple outlets, Ramp currently manages over $5 billion in customer balances. The company aims to leverage this experience to provide secure and compliant crypto custody solutions, potentially attracting more institutional clients to the digital asset space.
The application comes at a time when regulatory scrutiny of crypto companies is increasing, and many firms are seeking clearer regulatory frameworks to operate within. By applying for an OCC charter, Ramp is demonstrating a commitment to compliance and transparency.
The broader crypto market remains in a state of cautious optimism, with a total market cap of $2.79 trillion and a Fear & Greed index of 55, indicating 'Greed.' However, 
Bitcoin's 24-hour price movement shows a 1.61% decline, reflecting the market's current volatility.
Ramp Seeks OCC Trust Bank Charter for Crypto Custody Service — questions & answers
What services would Ramp's proposed bank offer?
The bank would offer digital asset custody and fiduciary investment management services.
Would Ramp's bank accept deposits or make loans?
No, the proposed bank would not engage in traditional banking activities like taking deposits or making loans.
Why is Ramp applying for an OCC charter?
Ramp is seeking federal oversight to provide regulated crypto custody and investment services, potentially increasing institutional confidence.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.