Trump-Backed World Liberty Financial (WLFI) Pursues National Trust Charter

bitcoinistОпубліковано о 2026-01-09Востаннє оновлено о 2026-01-09

Анотація

Trump-backed World Liberty Financial (WLFI) is pursuing a national trust charter to strengthen its position in the cryptocurrency sector. The move would allow its subsidiary, World Liberty Trust Company, to provide custodial services and access national payment networks under OCC supervision. This regulatory approval would facilitate the issuance and management of its USD1 stablecoin and streamline crypto conversion for customers. The company aims to join other crypto firms in accessing limited Federal Reserve payment systems, though traditional banks have raised concerns about financial stability. Following the announcement, WLFI’s native token surged by 10%. BitGo, the current custodian for USD1, reported the stablecoin surpassed $3.3 billion in its first year.

World Liberty Financial (WLFI), closely associated with President Donald Trump and his son Eric, is making significant strides to align itself with major players in the cryptocurrency industry, including Ripple, and Fidelity Digital Assets.

The company aims to secure a national trust charter in the United States, a strategic move designed to facilitate the issuance of its USD1 stablecoin, and to streamline the process for customers looking to utilize and convert the firm’s cryptocurrency.

World Liberty Financial Aims For Regulatory Approval

Zach Witkoff, proposed president and chair of World Liberty Trust Company—a subsidiary that has applied for the charter—described this initiative as a pivotal evolution of the World Liberty Financial ecosystem.

Securing a national trust charter would enable World Liberty Financial to provide custodial banking services and gain access to national payment networks while operating under the supervision of the Office of the Comptroller of the Currency (OCC).

However, this regulatory framework differs significantly from a national bank charter, which subjects a firm to stricter oversight due to its ability to offer consumer banking services.

Last year, the OCC granted conditional national trust charters to several cryptocurrency firms, allowing these companies to manage digital assets and other financial instruments without the need to obtain state-by-state approvals.

This development was hailed as a historic move by the regulatory body and a substantial win for the digital asset sector, although it faced criticism from traditional banking institutions.

Traditional Banks Voice Concerns

World Liberty Financial is joining a growing list of digital asset businesses seeking regulatory approval, with the eventual goal of accessing “skinny” master accounts at the Federal Reserve (Fed). Such accounts would grant limited use of the Fed’s payments system, a critical asset in modern financial operations.

Recently, the Federal Reserve sought public feedback on the potential establishment of these accounts, marking a significant step toward greater acceptance of digital assets in the mainstream financial ecosystem.

Yet, Bitcoinist has reported for the past months that traditional banks have expressed apprehension that allowing crypto companies access to such facilities could compromise financial stability.

Among the companies previously awarded a charter are BitGo, which has acted as the custodian for World Liberty Financial’s USD1 stablecoin. The approval of World Liberty Financial’s application would enable the Trump-backed firm to manage its stablecoin more actively.

BitGo CEO Mike Belshe lauded USD1’s growth, reporting that it surpassed $3.3 billion in its first year. He expressed enthusiasm for continuing their strategic partnership as World Liberty Trust Company becomes operational and USD1 embarks on its next growth phase.

The daily chart shows WLFI’s surge following the company’s application. Source: WLFIUSDT on TradingView.com

At the time of writing, World Liberty Financial’s native token, WLFI, is trading at $0.18. This represents a significant 10% increase following the announcement, as well as substantial gains of 37% over the past fourteen days.

Featured image from DALL-E, chart from TradingView.com

Пов'язані питання

QWhat is the primary goal of World Liberty Financial (WLFI) in seeking a national trust charter?

AThe primary goal is to facilitate the issuance of its USD1 stablecoin and streamline the process for customers to utilize and convert the firm's cryptocurrency.

QWhich regulatory body would supervise World Liberty Financial if it obtains the national trust charter?

AThe Office of the Comptroller of the Currency (OCC) would supervise the company.

QWhat key advantage does a national trust charter provide compared to state-by-state approvals for crypto firms?

AIt allows companies to manage digital assets and financial instruments nationwide without needing individual state approvals.

QWhy have traditional banks expressed concerns about crypto companies gaining access to 'skinny' master accounts at the Federal Reserve?

ATraditional banks fear that allowing crypto companies access to such facilities could compromise financial stability.

QWhich company currently acts as the custodian for World Liberty Financial's USD1 stablecoin, and what growth did it report?

ABitGo is the current custodian, and its CEO reported that USD1 surpassed $3.3 billion in its first year.

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