World Liberty Financial files to launch national trust bank for USD1
The trust company will provide fee-free USD1 issuance, USD conversion, and secure custody under strict federal, AML, and cybersecurity standards.
World Liberty Financial’s WLTC Holdings LLC has applied with the Office of the Comptroller of the Currency to establish World Liberty Trust Company, National Association (WLTC), a national trust bank designed for stablecoin operations.
The move aims to centralise issuance, custody, and conversion of USD1, the company’s dollar-backed stablecoin. USD1 has grown rapidly, reaching over $3.3 billion in circulation during its first year.
The trust company will serve institutional clients, providing stablecoin conversion and secure custody for USD1 and other supported stablecoins.
WLTC will operate under federal supervision, offering fee-free USD1 issuance and redemption, USD conversion, and custody with market-rate conversions. Operations will comply with the GENIUS Act and follow strict AML, sanctions, and cybersecurity protocols.
The stablecoin is fully backed by US dollars and short-duration Treasury obligations, operating across ten blockchain networks, including Ethereum, Solana, and TRON.
By combining regulatory oversight with full-stack stablecoin services, WLTC seeks to provide institutional clients with clarity and efficiency in digital asset operations.
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