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World Liberty National Trust Charter

What happened

  1. promisedocumented

    World Liberty Trust Company applied to the OCC for a national trust bank charter to issue and administer stablecoins and related fiduciary services.

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  2. actiondocumented

    The OCC conditionally approved the charter subject to capital, governance, compliance, and preopening requirements.

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  3. outcomereported

    The conditional charter approval benefited World Liberty's proposed trust-bank affiliate and its owners.

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  4. counterevidencedocumented

    The OCC said its review applied the same standards used for other applicants and imposed conditions before the bank could open; critics' conflict allegations were not agency findings.

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People and organizations

  • Stablecoin users and trust customersaffected party
  • World Liberty Trust Companybeneficiary
Assessment

The approval handed a Trump-family-linked crypto enterprise a conditional federal banking charter during Trump's presidency. The OCC said the application met applicable standards, and preferential treatment is not established.