The Trump family’s crypto ambitions: WLFI submits bank license application to US financial regulators

2026-01-12 20:19:40

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The crypto project WLFI under the Trump family has once again become a market focus. According to the latest news, the project’s parent company WLTC Holdings LLC has officially submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, planning to create a financial institution named World Liberty Trust Company.

Application Details and Business Plan

The significance of this application is that once approved by the OCC, WLFI will obtain an official status to enter the traditional financial sector. According to the plan, World Liberty Trust Company will mainly focus on the construction and operation of a stablecoin ecosystem.

Specifically, the institution will be granted the qualification to issue a USD1 stablecoin pegged to the US dollar, marking an important advancement for WLFI in the crypto asset field. In addition, the institution will gradually expand its crypto asset custody services and develop stablecoin exchange operations, primarily providing financial solutions for institutional investors.

Regulatory Breakthrough for the Family Project

The Trump family’s entry into the crypto space is not simply capital operation, but an attempt to deepen influence in the field by applying for legitimate financial licenses. This move reflects that, even in crypto projects involving political figures, there is a growing emphasis on aligning with traditional financial regulatory frameworks.

WLFI2,1%

USD1-0,06%

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