Regulatory Alerts2026-01-05
Added · Updated
Digital asset licensing application — World Liberty Trust Company, N.A.
WLTC Holdings LLC applies to the Office of the Comptroller of the Currency to organize World Liberty Trust Company, National Association as a de novo national trust company in Miami, Florida. The proposed institution will issue USD1, a fiat-backed digital asset, manage its reserve backing, and provide digital asset custody services to institutional investors, without seeking Federal Deposit Insurance. The application requests an exclusion for USD1 reserves from leverage ratio requirements and lists five proposed directors and four senior executive officers.