News, data and analysis on tokenized assets, market design and digital economic systems.
The company behind USD1, a dollar-backed stablecoin, and WLFI, a governance token. Its affiliated trust company won preliminary conditional approval from the OCC on 14 August 2026 to become a national trust bank, which would bring USD1 issuance, reserve management and institutional custody in house from BitGo. The bank will not issue, custody or deal in WLFI.
World Liberty Financial LLC is a Florida limited liability company whose core product is USD1, a fiat currency-backed stablecoin. Its other products are WLFI, a governance token made tradable after a holder vote and used to propose and vote on platform decisions; WLFI Markets, a supply-and-borrow venue provided by Dolomite; an AgentPay software development kit for machine-initiated payments with per-transaction, daily and weekly spending limits and a manual approval threshold; and bridge and convert tools across the networks USD1 and WLFI run on. The charter applicant is a separate entity: World Liberty Trust Company, National Association, of Bay Harbor Islands, Florida, a wholly owned subsidiary of WLTC Holdings LLC, which the OCC records as sharing indirect common owners with World Liberty Financial LLC. The OCC's decision names Zachary Witkoff as organiser, director and president, Scott Alper and Robert Witkoff as organisers and directors, Jeffrey Weiner and Erin Baskett as independent directors, and Mack McCain, Brandi Reynolds, Himang Patel, Chris McNab and Corey Caplan as officers. Three shareholders gave the OCC written passivity commitments: DT Marks SC LLC, signed by Eric F. Trump as president; StringZ Holding RSC (DE) LLC, signed by Hamad Khlfan Ali Matar Alshamsi; and AMGUS, LLC, signed by Zachary Folkman. CNBC reported on 14 August 2026 that World Liberty Financial's website states an entity affiliated with Donald J. Trump and certain of his family members owns 38 per cent of the company; the OCC's decision records that neither World Liberty Financial, Inc., nor foreign investors in it are parties to the charter application.
Developments in which World Liberty Financial is a named party, newest first.
The Comptroller granted preliminary conditional approval on 14 August to charter World Liberty Trust Company, which will issue and redeem USD1, hold its reserve and custody digital assets as a fiduciary.
Corporate Decision #1385 of 14 August 2026 grants preliminary conditional approval to charter World Liberty Trust Company, National Association, which would issue and redeem USD1, hold its reserve and custody digital assets as a fiduciary, assuming the issuer's role from BitGo Bank & Trust. Seven conditions attach, including $20m of tier 1 capital.
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