An entity under WLFI has applied for a U.S. Trust Bank Charter, aiming to provide cryptocurrency asset custody and stablecoin exchange services.

BlockBeats News, January 8th, according to The Wall Street Journal, World Liberty Financial stated that its subsidiary entity, World Liberty Trust, submitted a de novo application to the Office of the Comptroller of the Currency (OCC) on January 7th, seeking to obtain a U.S. national trust bank charter to facilitate the direct issuance and custody of its USD1 stablecoin. The company stated that if approved, the trust bank will gradually conduct cryptocurrency custody and stablecoin exchange business, primarily serving institutional clients.