World Liberty Financial conditional approval to establish a trust bank

On 16 August, World Liberty Financial announced that the United States Monetary Supervisory Authority (OCC) had made initial and conditional approval for the establishment of the World Liberty Trust Company (WLTC) National Trust Bank. The bank intends to provide specialized services to stabilize currency operations and will in the future be responsible for issuing and redeeming the United States dollar stabilization currency US$ 1, managing reserve assets and hosting digital assets for institutional clients. World Liberty Financial is close to the Trump family. When the company was founded in 2024, it was joined by members of the Trump family and the Witkoff family, among others. Trump himself was listed as an “honorary member of the co-founder” of the company and his son was involved in the business of the company。