POPA Recon[WLFI obtains preliminary conditional approval from U.S. OCC to establish federal trust bank]
[WLFI obtains preliminary conditional approval from U.S. OCC to establish federal trust bank] World Liberty Financial (WLFI) announced that it has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for the establishment of 'World Liberty Trust Company (N.A.)'. WLFI plans to directly issue and redeem its own stablecoin USD1 and manage reserve assets once the trust company is launched following final approval. We also plan to provide digital asset custody services for institutional investors. WLFI explained that “this approval is a milestone,…
The excerpt is quoted from a public Telegram channel, which owns its text.