CoinVoice has learned that, according to The Wall Street Journal, World Liberty Financial stated that its affiliated entity, World Liberty Trust, has submitted a de novo application to the Office of the Comptroller of the Currency (OCC) seeking a national trust bank charter to enable direct issuance and custody of its USD1 stablecoin. The company said that if approved, the trust bank will gradually develop crypto asset custody and stablecoin exchange services, primarily serving institutional clients.
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CoinVoice has learned that, according to The Wall Street Journal, World Liberty Financial stated that its affiliated entity, World Liberty Trust, has submitted a de novo application to the Office of the Comptroller of the Currency (OCC) seeking a national trust bank charter to enable direct issuance and custody of its USD1 stablecoin. The company said that if approved, the trust bank will gradually develop crypto asset custody and stablecoin exchange services, primarily serving institutional clients.