Ramp, a fintech company, has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a trust bank. The proposed bank would focus on digital asset custody, allowing Ramp to expand its services for institutional clients. This move aligns with growing demand for secure and compliant custody solutions. The OCC charter would enable Ramp to offer more comprehensive services to its clients. Ramp has emphasized that the proposed bank would not engage in traditional banking activities, such as deposit-taking or lending. Instead, it would focus on building products and services with its banking partners.
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