Ramp Seeks OCC Trust Bank Charter for Crypto Custody Services
Corporate payments platform Ramp has applied for a US national trust bank charter to expand into digital asset custody and fiduciary services.
Corporate payments platform Ramp has applied for a US national trust bank charter to expand into digital asset custody and fiduciary services. This is an original TLT brief synthesising 2 outlets (Blockonomi, Crypto.news), plus live market data, as of Tue, 20 Oct 2026 11:15:04 UTC.
This move positions Ramp to offer regulated crypto custody services, potentially attracting institutional clients seeking secure digital asset storage solutions under federal oversight.
- Ramp applied for an OCC national trust bank charter on October 16.
- The proposed bank would provide digital asset custody and fiduciary investment management.
- Ramp manages over $5 billion in customer balances, according to its application.
- The charter would allow Ramp to operate under federal supervision without taking deposits or making loans.
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. The proposed Ramp National Trust Bank would offer digital asset custody and fiduciary investment management services under federal supervision. Both outlets confirm that the institution would not engage in traditional banking activities like taking deposits or making loans. However, only Blockonomi specifies that Ramp currently manages over $5 billion in customer balances, a detail not mentioned by Crypto.news.
- Deutsche Bank Prepares to Launch Crypto Custody Services Within Weeks
- Ramp Seeks OCC Trust Bank Charter for Crypto Custody Services — this brief
Ramp, a corporate payments platform, has taken a significant step towards expanding its services into the digital asset space by applying for a US national trust bank charter. The application was submitted to the Office of the Comptroller of the Currency (OCC) on October 16 for the proposed Ramp National Trust Bank.
If approved, the new entity would operate as a regulated financial institution offering digital asset custody and fiduciary investment management services. This move is designed to provide secure storage solutions for digital assets while operating under federal oversight.
According to multiple outlets, the proposed bank would not engage in traditional banking activities such as taking deposits or making loans. This suggests Ramp's focus is on providing specialized financial services for digital assets rather than competing with conventional banks.
Ramp's application comes at a time when interest in digital asset custody solutions is growing, particularly among institutional investors seeking secure and compliant ways to manage their crypto holdings. The company reports managing over $5 billion in customer balances, indicating a strong existing customer base.
The broader crypto market remains in a state of cautious optimism, with a total market cap of $2.79 trillion. 
Bitcoin is currently trading at $37,200, down 1.61% in the last 24 hours, while the Fear & Greed Index stands at 55, indicating a 'Greed' sentiment.
Ramp Seeks OCC Trust Bank Charter for Crypto Custody Service — questions & answers
What services would Ramp's proposed bank offer?
The proposed bank would offer digital asset custody and fiduciary investment management services.
Why did Ramp apply for an OCC charter?
To operate as a regulated financial institution and provide secure digital asset custody under federal oversight.
Would Ramp's bank offer traditional banking services?
No, the proposed bank would not take deposits or make loans.
Which outlets reported this story?
This is an original TLT 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 TLT 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.