World Liberty applied for a national trust-bank charter
Reporting and findings
- documented
The Office of the Comptroller of the Currency's public notice records World Liberty Trust Company's application for a national trust-bank charter; the proposed business included issuing and redeeming its branded stablecoin, managing stablecoin reserves, and digital-asset custody.
- Office of the Comptroller of the Currency: World Liberty Trust Company, N.A. charter application public-comment noticePublic application §1(a), page 1; proposed USD1 issuance and redemption, reserve management, and institutional digital-asset custody
- World Liberty Financial: $WLFI Crypto-Asset White Paper under MiCAPart D.5 and related-party sections listing WLF co-founders, supporters, token allocations, and affiliated entities
Summary and current status
The application sought federal authority to issue and redeem USD1, manage its reserves, and provide custody services.
Application later received preliminary conditional approval
People and organizations
- World Liberty Financial, Inc.affiliate and parent venture
- World Liberty Trust Company, National Associationnational trust-bank applicant
- USD1 stablecoinproposed issued and redeemed stablecoin
- Donald J. Trumpsitting president and disclosed beneficiary of family crypto interests
- Donald Trump Jr.son, Trump Organization executive, and listed WLF co-founder
- Eric Trumpson, Trump Organization executive, and listed WLF co-founder
Relationships in this file
- World Liberty Trust Company, National Associationproposed issuer, redeemer, and reserve managerUSD1 stablecoin
- World Liberty Financial, Inc.proposed affiliated national trust companyWorld Liberty Trust Company, National Association
- Donald J. Trumpson, family-business executive, and co-founder of the Trump-branded WLF ventureDonald Trump Jr.
- Donald J. Trumpson, family-business executive, and co-founder of the Trump-branded WLF ventureEric Trump