According to the Wall Street Journal, World Liberty Financial stated that its subsidiary, World Liberty Trust, submitted a de novo application to the Office of the Comptroller of the Currency (OCC) on January 7, seeking a U.S. national trust bank charter to directly issue and custody its U.S. dollar stablecoin, USD1. The company said that if the application is approved, the trust bank will gradually offer crypto asset custody and stablecoin redemption services, primarily targeting institutional clients.
WLFI Subsidiary Applies for a U.S. National Trust Bank Charter
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Summary
World Liberty Financial's subsidiary, World Liberty Trust, submitted a de novo application to the Office of the Comptroller of the Currency (OCC) on January 7, 2026, seeking a U.S. national trust bank charter for its USD1 stablecoin. This move is consistent with ongoing regulatory efforts concerning stablecoins. The trust bank aims to offer cryptocurrency custody and stablecoin redemption services, primarily targeting institutional clients. The application includes compliance measures for Countering the Financing of Terrorism (CFT). If approved, the services will be rolled out gradually.
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