World Liberty Financial is moving to enhance the regulatory footing of its USD1 stablecoin by applying for a national trust bank charter in the United States.
The company has established WLTC Holdings LLC and filed a de novo application with the Office of the Comptroller of the Currency to operate as a federally chartered national trust bank.
If approved, the charter would allow the trust to manage stablecoin issuance, custody, and conversion within a single, federally regulated framework. The proposed structure would operate under the GENIUS Act and include advanced anti-money laundering and sanctions screening.
Zach Witkoff, who will serve as president and chairman of the trust entity, said institutional adoption of USD1 has increased, particularly for payments and treasury use cases.
The filing places World Liberty Financial among a growing group of crypto firms seeking federal trust charters, following recent conditional approvals granted by the OCC to major digital asset companies.
USD1 has also seen rising market traction, supported by promotional activity on leading exchanges.
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