WLFI Expected to Gain Federal Trust Bank Charter Approval from U.S. OCC

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Release Time: 06/17/2026 03:16:29

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Summary

World Liberty Financial (WLFI), a crypto project backed by the Trump family, is nearing approval for a federal trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC). Two former OCC staff members confirmed that approval is likely. WLFI, which submitted its application in January, plans to issue its USD1 stablecoin, manage reserves, and provide custody and settlement services. This development could transform the digital asset market by reducing dependence on third-party custodians. Analysts suggest WLFI’s progress makes it one of the altcoins to watch as regulatory clarity improves.

Odaily Planet Daily report: The cryptocurrency project World Liberty Financial, backed by the Trump family, is expected to soon receive approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. Two former OCC employees, who declined to be named, revealed that the application is almost certain to be approved.

World Liberty Financial established a U.S. trust company in January and submitted an application to the OCC. Obtaining a federal trust bank charter would allow the project to issue and redeem its USD1 stablecoin, manage reserves, provide digital asset custody, and offer conversion and settlement services under a single federal regulator, without relying on third-party intermediaries. Currently, BitGo serves as the project’s intermediary. (The Block)

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