ChainCatcher reported that Ramp submitted an application to the Office of the Comptroller of the Currency on October 16, 2026, to establish Ramp National Trust Bank. According to the reported filing, the proposed entity would provide fiduciary investment management and digital-asset custody if approved. The supplied Flash states that it would not accept deposits or make commercial loans.

Ramp Has Applied; It Has Not Yet Been Approved

The current development is a reported charter application, not approval of a national trust bank. ChainCatcher said Ramp filed with the OCC on October 16 to establish Ramp National Trust Bank. However, no supplied Ramp-specific OCC decision, application record, public-comment notice, conditional approval, or final approval document indicates that the process has advanced beyond the filing stage.

This distinction is important because submitting an application does not itself authorize Ramp to begin operating trust-bank services. OCC guidance on fiduciary powers states that a bank generally requires prior OCC approval before commencing fiduciary activities. The reported submission should therefore be viewed as the beginning of a licensing process, rather than a launch.

What the Proposed Trust Bank Would Do if Approved

The reported scope is narrower than that of a full-service commercial bank. ChainCatcher said the proposed trust bank would provide fiduciary investment management and digital-asset custody if approved, while the supplied Flash added that the entity would not accept deposits or provide commercial loans.

Within the reported proposal, the trust-bank structure is central. OCC materials identify fiduciary powers as a core trust-bank function, helping explain why the application focuses on custody and fiduciary services rather than conventional deposit banking.

The reported Ramp-specific details are summarized below:

What the Next OCC Step Usually Looks Like

The next documented process step is general rather than specific to Ramp. Federal Register materials related to OCC chartering state that charter applications are generally subject to public notice and comment under 12 CFR 5.8 and 5.10. This is typically the next stage once a filing enters the review process.

For official status updates, the OCC says its Weekly Bulletin records the receipt of, and actions on, applications and notices. Its digital-assets licensing page also publishes the public portions of certain new national-bank applications subject to public comment. In the supplied materials, however, there is still no Ramp-specific OCC listing, comment deadline, or approval decision. The clearest current assessment is therefore that Ramp remains at the reported filing stage.