Huoxing Finance reports that the crypto 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 requested anonymity, revealed that the application is almost certain to be approved. World Liberty Financial established a U.S. trust company in January and submitted its application to the OCC. Obtaining a federal trust charter will allow the project to issue and redeem its USD 1 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.
World Liberty Financial Expected to Receive OCC Approval as a National Trust Bank
MarsBitShare
Summary
World Liberty Financial, a crypto project associated with the Trump family and one of the altcoins to watch, is on course to obtain a national trust bank charter from the U.S. Office of the Comptroller of the Currency. Two former OCC staff sources told MarsBit that approval is nearly certain. The company applied after launching a U.S. trust company last month. A federal charter would enable it to manage stablecoin reserves, custody digital assets, and provide settlement services under a single regulator, bypassing third-party intermediaries such as BitGo. As the Fear & Greed Index reflects growing optimism in crypto, this development could strengthen its market position.
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