New competition ahead for JPMorgan? Ripple is planning an attack with a banking license
The head of a financial services provider sees Ripple as more than just a crypto company. With a banking license, the company could become a rival to traditional large banks.
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• Teucrium CEO Sal Gilbertie sees Ripple as a future competitor to JPMorgan Chase
• A US banking license could give Ripple access to institutional liquidity and payment networks
• Ripple treats XRP as a long-term strategic reserve rather than a commodity
Banking license as a foundation for institutional expansion
Ripple could soon be operating on a par with the largest financial institutions in the world – at least if Sal Gilbertie has her way. The CEO of Teucrium Trading, a US issuer of exchange-traded products, expressed optimism about the company’s future in an interview with market expert Paul Barron. As can be seen from the conversation published on the YouTube channel “Paul Barron Podcast”, Gilbertie sees Ripple as a future competitor to JPMorgan, the largest bank in the US by total assets.
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The key catalyst for this development is the banking license that Ripple applied for from the Office of the Comptroller of the Currency (OCC) in July 2025. As CoinDesk reported, such a national banking license would allow the company to offer crypto services under federal supervision and operate across state borders. Ripple CEO Brad Garlinghouse said at the time that if approved, the company would be under both state and federal oversight – a new standard of trust in the stablecoin market.
XRP as a strategic reserve instead of a commodity
Gilbertie emphasized in the interview that Ripple has no plans to sell its XRP holdings. Instead, the company treats the token as a long-term strategic reserve that will serve as the foundation for its financial infrastructure. This strategy elevates XRP beyond a regular cryptocurrency and positions the token as a central building block of a next-generation global financial network.
The Teucrium CEO described Ripple as a machine with a highly disciplined team that is systematically working towards mainstream adoption of its blockchain-based payment solutions. With a banking license, access to payment networks and custody options, XRP could not only be used for cross-border transfers in the future, but also serve as a capital reserve or liquidity instrument for institutional investors.
Regulatory clarity as a growth driver
The optimistic assessment comes at a time when Ripple has reached several strategic milestones. The final settlement of the year-long SEC litigation, successful acquisitions and the launch of several XRP spot ETFs in the US have given the company new tailwind. In parallel with the banking license, Ripple has also applied for a Federal Reserve Master Account through its subsidiary Standard Custody & Trust Company, which would give the company direct access to the Federal Reserve’s payments infrastructure.
Gilbertie summarized his assessment by saying that Ripple will have incredible capital after receiving the banking license. The company is about to become the center of a growing ecosystem that could challenge traditional financial services providers. Whether this ambitious vision becomes reality depends largely on the decision of the US regulatory authorities.
D. Maier / editorial team finanzen.net