Rain Files for National Trust Bank Charter to Issue Stablecoins
New York – October 05, 2026 -- Rain, a stablecoin payments infrastructure provider, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank (RNTB), a proposed federally supervised trust bank headquartered in New York.
RNTB would consolidate custody, reserve management and stablecoin issuance under OCC oversight
If approved, the uninsured national trust bank will provide fiduciary custody of digital assets and US dollars, reserve management for permitted stablecoin issuers, and issuance and redemption of US dollar-backed stablecoins for institutional clients. The entity will not accept deposits, offer consumer accounts, or make commercial loans. Client assets would be segregated from the bank's own holdings and not treated as liabilities, with stablecoin reserves barred from being pledged, lent or reused.