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The entity under WLFI has applied to OCC for a U.S. national trust bank license, planning to carry out crypto asset custody and stablecoin exchange services.
GateNewsBot
BlockBeats News, January 8 — According to The Wall Street Journal, World Liberty Financial announced that its affiliated entity, World Liberty Trust, submitted a de novo application to the Office of the Comptroller of the Currency (OCC) on January 7, seeking to obtain a national trust bank license in the United States to directly issue and custody its USD1 stablecoin. The company stated that if the application is approved, the trust bank will gradually develop crypto asset custody and stablecoin exchange services, primarily serving institutional clients.
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ABigHeart
· 01-08 00:01
World Liberty Financial submitted an application to the Office of the Comptroller of the Currency (OCC) on January 7th, seeking to obtain a national trust bank license to directly issue and custody its USD1 stablecoin. If approved, it will provide crypto asset custody and stablecoin exchange services, primarily targeting institutional clients.