Foresight News
Foresight News|Oct 19, 2026 14:58
[Ramp Applies to OCC for National Trust Bank License, Plans to Offer Digital Asset Custody Services] Foresight News reports that enterprise financial services platform Ramp announced via a tweet on October 16 that it has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Ramp National Trust Bank. If approved, the trust bank will be able to provide fiduciary investment management and digital asset custody services but will not accept deposits or issue commercial loans. According to previous reports from Foresight News, Ramp raised $1.85 billion in a new round of financing led by Dragoneer Investment Group in October 2026, achieving a valuation of $60 billion. Thrive Capital, Founders Fund, Sands Capital, and Avenir jointly led the investment.
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