World Liberty Financial enters the U.S. Federally Regulated Banking System further. Under its umbrella, World Liberty Trust Company received conditional preliminary approval from the United States Monetary Supervisory Authority (OCC) on 14 August to establish a national trust bank. If all requirements are followed up, the issuance, hosting and management of USD1 stabilization currency will be placed in the same federal regulatory entity.
Still not a final bank licence
This request does not amount to an official receipt of a bank licence. According to reports, World Liberty Trust Company still needs to meet a number of conditions before it can open, including maintaining at least $20 million in capital, establishing management and auditing functions and meeting federal regulatory requirements.
If finally approved, the agency will focus its business not on traditional retail banking, and not on the absorption of general deposits, the granting of mortgage loans, but on hosting, clearing and asset services. Currently, some of the relevant functions of the USD1 continue to be performed through external partners, including BitGo.
USD1 or incorporated into the same regulatory entity
This progress means that the USD1 is one step closer to being integrated into a more complete federal regulatory framework. Reuter quoted data in mid-August that USD1 had a market value of approximately US$ 4 billion, which at the time was the fourth most stable currency in the world.
As the stabilizing currency further extends from trading instruments to payments and chain settlements, so does the responsibility of the issuer for reserves, foreclosures and compliance. According to the report, World Liberty had previously received attention for its centralized distribution rights. HTX used to hang USD1 after a dispute concerning the freezing of the relevant address of the exchange.
The UAE investment context has triggered a review
In addition to regulatory progress, another focus of external attention is the equity structure. Reports indicate that the Tramp-related investment carrier holds 38 per cent of the holding company ' s shares; an additional 49 per cent is held by investors supported by the Emirates ' national security adviser, the President ' s brother Sheikh Tahnon bin Zayed Al Nahyan.
This UAE-related investment originated in a $500 million deal that was completed shortly before Trump returned to the White House in January 2025. Some Democrat parliamentarians therefore questioned whether the investment would require a more rigorous national security review, particularly after the United States had subsequently made a policy decision on advanced AI chips for United Arab Emirates exports.
At present, these challenges remain at the level of potential conflicts of interest, and there is no evidence of an exchange of United States policy decisions with the investment. World Liberty denied that the transaction was related to government policy, while the White House stated that Trump was not involved in the day-to-day management of its commercial assets.
Trump's encryption proceeds are in focus.
Business interests have been further amplified with the expansion of the USD1. According to Reuters, Trump ' s financial disclosure in 2025 revealed that its family ' s income from encryption operations exceeded $1.4 billion, of which close to $800 billion related to World Liberty Financial.
As a result, the application for a bank licence is no longer just a single enterprise expansion, but involves three main lines of currency stabilization, foreign capital entry, and the business interests of the US President’s family. If the OCC is finally approved, World Liberty’s links to the United States’ regulated banking system will deepen.