World Liberty Financial is seeking approval from the Office of the Comptroller of the Currency to launch a fiduciary bank for its USD1 stablecoin.

World Liberty Financial, a decentralized finance (DeFi) project backed by President Donald Trump, has revealed that its branch has applied for a national trust bank license.

The move puts the company in a position to provide services to institutional clients, including exchanges, investment firms and others. However, traditional banking groups are expressing concerns about the rapid growth of cryptocurrency fund cards.

Stablecoin Strategy for the Global Freedom Financial Advancement Initiative with the National Bank Trust Proposal

In the press release, WLFI highlighted that WLTC Holdings LLC has submitted a new petition to the Office of the Comptroller of the Currency (OCC) to launch World Liberty Trust Company, National Association (WLTC).

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The proposed entity will operate as a nationally concentrated bank In stablecoin operations. WLTC aims to offer three main services: issuance and redemption of USD1 without fee at the launch, offering entry, exit and fee-free card between USD and USD1 with no initial cost. The bank also provides custody services And conversions vs A US dollar and some other stablecoins at market prices.

“USD1 grew faster in its first year than any other stablecoin in history, and institutions are already using USD1 for cross-border payments, settlement and treasury operations. He said Zach Witkoff, proposed president and CEO of World Liberty Trust, said that a National Trust charter would allow us to bring together issuance, custody and transfer as an integrated offering under one highly structured entity.

World Liberty Financial said the WLTC will operate under full federal oversight Adhere to the GENIUS CodeStrict laundry standards are applied based on anti-laundering standards, sanctions screening and cyber security standards.

Client assets will be segregated, reserves will be managed independently, and regular checks of operations will be carried out. Mac McCain, general counsel of World Liberty Financial, is set to serve as trustee.

“The Office of Supervision has overseen the activities of the funds for more than a century. The WLTC will operate under the same framework…. This gives banks, asset managers and corporations the regulatory clarity they need to expand their use of USD1,” said McCain.

The National Trust Charter allows companies to serve clients across the country in a unified federal system, removing state-level licensing requirements. However, these fund entities do not provide traditional deposit or loan services. Instead, it focuses on custody, settlement and fiduciary roles. They also do not have FDIC insurance.

This request follows a broader trend of digital asset companies seeking federal trust cards. In December 2025, the OCC granted conditional charters to five active companies Digital: Circle, RippleFidelity Digital Assets, BitGo, and Paxos. The regulator assured banks that applicants are subject to the same “rigorous review” as any applicant for a national banking license.

“New Fed banking entrants are good for consumers, the banking industry and the economy,” As he said Comptroller of the Currency, Jonathan V. Gold.

However, US banking groups have responded Upon approval of the OCC. The American Bankers Association and the Independent Community Bankers of America argue that the move creates… banking system Two levels.

They added that cryptocurrency companies benefit from national cards while avoiding key regulatory requirements imposed on insured banks, raising concerns about uneven oversight and potential consumer confusion.