New York-based spend-management fintech Ramp has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter for a new entity, Ramp National Trust Bank, reportedly filed on October 16. The proposed bank would focus on fiduciary investment management and custody services for digital assets, and Ramp says it will not take deposits or make commercial loans. Ramp is valued at $60 billion, with an annualized revenue run rate of about $2 billion and more than 85,000 teams served. The application comes as the Independent Community Bankers of America sued the OCC on October 2 over the limited trust charters granted to crypto firms, and the OCC has not disclosed a review timeline.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/21/2026 | 2,473.76 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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