Ramp Files for OCC Trust Bank Charter for Digital Asset Custody

The bid is notable less for custody itself than for the regulatory posture: a national trust charter would let Ramp operate under federal supervision without becoming a deposit-taking bank, a structure crypto firms have increasingly pursued. The explicit commitment to build alongside banking partners signals Ramp is positioning the charter as complementary to, not a replacement for, existing bank relationships. Whether the OCC treats this as a template for other non-lending crypto applicants, and how incumbent bank partners react to a federally chartered custodian in their own distribution chain, are the open questions worth tracking.