Ramp Seeks OCC Trust Bank Charter for Digital Asset Custody

Ramp has applied for an OCC trust bank charter to offer digital asset custody, according to The Defiant. The proposed entity would not take deposits or make commercial loans, and Ramp says it would build products alongside its existing banking partners. A trust charter would give Ramp a regulated federal pathway into crypto custody, a signal of continued institutional interest in regulated digital asset infrastructure that traders may read as modestly supportive for the sector.