Ramp Applies for National Trust Bank Charter with OCC

Ramp submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 to establish Ramp National Trust Bank. If approved, the trust bank will provide fiduciary investment management and digital asset custody services, but will not accept deposits or issue commercial loans. Ramp previously raised $1.85 billion in a new funding round led by Dragoneer Investment Group in October 2026, achieving a valuation of $60 billion, with joint leadership from Thrive Capital, Founders Fund, Sands Capital, and Avenir.

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