World Liberty Trust Wins Preliminary OCC Approval for National Trust Bank Charter The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Co. to become a national trust bank. The company plans to take over from BitGo as the exclusive issuer and custodian of World Liberty Financial’s USD1 stablecoin for institutional clients nationwide, while also providing digital asset custody services to institutional clients. World Liberty Trust does not intend to become a federally insured depository institution or a “bank” under the Bank Holding Company Act, and it does not plan to seek access to a Federal Reserve master account. Final approval remains subject to preopening requirements.

World Liberty Trust Wins Preliminary OCC Approval for National Trust Bank Charter The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Co. to become a national trust bank. The company plans to take over from BitGo as the exclusive issuer and custodian of World Liberty Financial’s USD1 stablecoin for institutional clients nationwide, while also providing digital asset custody services to institutional clients. World Liberty Trust does not intend to become a federally insured depository institution or a “bank” under the Bank Holding Company Act, and it does not plan to seek access to a Federal Reserve master account. Final approval remains subject to preopening requirements.

Source:https://x.com/WuBlockchain/status/2088381825387524318