Banking

Corporate spend management fintech Ramp applied for a national trust bank charter from the OCC.
The charter would allow Ramp to offer fiduciary digital asset custody directly under federal oversight.
Obtaining a national charter bypasses the need for individual state-by-state money transmitter licenses.
Community banking associations have challenged fintech trust charters, arguing for equal regulatory burdens.
The move marks an important step in blending Silicon Valley corporate expense tools with federal banking.

Banking26 Oct 2026

Fintech Giant Ramp Applies for National Trust Bank Charter from the OCC

Corporate finance platform seeks federal charter to offer direct digital asset custody and investment management.

Corporate spend management fintech Ramp applied for a national trust bank charter from the OCC.
The charter would allow Ramp to offer fiduciary digital asset custody directly under federal oversight.
Obtaining a national charter bypasses the need for individual state-by-state money transmitter licenses.
Community banking associations have challenged fintech trust charters, arguing for equal regulatory burdens.
The move marks an important step in blending Silicon Valley corporate expense tools with federal banking.