Blockchain

Ramp Seeks OCC Trust Bank Charter for Digital Asset Custody

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 02:42:24 UTC.

Briefings

Ramp Technologies proposes establishing a new OCC Trust Bank charter to provide digital asset custody services, distinct from its existing commercial banking operations. The initiative involves building proprietary products with banking partners rather than accepting deposits or lending. This move aims to position Ramp as a specialized custodian for digital assets, potentially expanding its market reach beyond traditional fintech.

Key points

• Ramp Technologies proposes establishing a new OCC Trust Bank charter to provide digital asset custody services.
• The proposed bank would not take deposits or make commercial loans, focusing instead on building products with banking partners.

Context

Ramp Technologies is a prominent fintech company exploring new regulatory pathways to expand its digital asset services. This initiative represents a strategic shift from traditional banking models to specialized custody solutions, potentially leveraging existing partnerships to enter the financial services sector.

Limitations

Evidence is limited to the proposed bank's stated operational model; specific dates, partner names, or financial figures are not provided. The initiative remains in proposal stage with no confirmed regulatory approval or operational timeline.

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