Trump family crypto project World Liberty Financial may get an OCC national trust bank license

World Liberty Financial, the Trump family’s crypto project, may soon receive a national trust bank license from the U.S. Office of the Comptroller of the Currency (OCC). For high-risk payments players, the point is simple: a federal trust charter can change how a stablecoin issuer handles reserves, conversion, and settlement under a single regulatory umbrella.

1. According to sources cited by the U.S. outlet NOTUS, the license would be issued to World Liberty Financial’s subsidiary, World Liberty Trust Company. Two former OCC employees, speaking anonymously, told the reporters that approval of the application is “practically guaranteed,” and one called the idea of a denial “unthinkable.”
2. World Liberty Financial created and registered World Liberty Trust Company in January. A national trust bank license would allow the subsidiary to issue USD1, the stablecoin created in 2025 for the World Liberty Financial ecosystem, on its own.
3. The same license would also let the Trump company hold digital assets, manage reserves, and provide conversion and settlement services under regulatory supervision. In practice, that is the part PSPs, custodians, and banking partners care about: the stablecoin rail, the reserve management layer, and the compliance perimeter would sit inside one federally supervised structure.
4. National trust bank status would also let the company operate under uniform federal rules instead of applying for separate licenses in each state. David Wachsman, spokesperson for World Liberty Financial, said that if the license is granted, the company will remain under constant OCC oversight, and that World Liberty Trust Company will have to provide financial reports to bank examiners and comply with anti-money laundering, consumer protection, and other U.S. legal requirements.
5. Bloomberg previously estimated that the Trump family could earn about $150 million from World Liberty Financial by the end of the year, with most of that amount potentially coming from USD1.