WLFI Subsidiary Applies for U.S. National Trust Bank Charter, Plans to Expand into Crypto Asset Custody and Stablecoin Exchange

Odaily News World Liberty Financial announced that its subsidiary, World Liberty Trust, submitted a de novo application to the U.S. Office of the Comptroller of the Currency (OCC) on January 7, seeking to obtain a U.S. national trust bank charter. If approved, the trust bank will enable the direct issuance and custody of its USD-pegged stablecoin, USD1, and gradually expand into businesses such as crypto asset custody and stablecoin exchange, primarily serving institutional clients. (The Wall Street Journal)