The proposed banking entity would not accept customer deposits or issue commercial loans, focusing solely on fiduciary and custodial functions. This application makes Ramp the latest fintech startup to attempt entry into the US banking realm, though the operation remains subject to approval by the OCC.
Tuesday, October 20, 2026
Story
Ramp Applies for Trust Bank Charter to Offer Asset Custody
Business21 hours ago
The financial technology firm Ramp is seeking federal permission to manage investments and hold digital assets for its clients. By applying for a national trust bank charter from the Office of the Comptroller of the Currency (OCC), the startup aims to formally provide fiduciary investment management and digital asset custody services.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.