The Office of the Comptroller of the Currency has not posted any approval for World Liberty Trust Company, the proposed national trust bank for stablecoin issuance and custody. The application, filed by WLTC Holdings LLC on Jan. 6, remains in the submitted and pending phase on the OCC's digital-assets licensing index as of Aug. 15.
A stablecoin-focused trust bank
World Liberty Financial announced on Jan. 7 that WLTC Holdings had filed the application to organize World Liberty Trust Company, National Association. The bank would be a national trust bank, a federally chartered institution that can hold assets in trust and provide custody services. According to the announcement, the bank is intended for stablecoin issuance and custody.
The OCC received the application as a de novo charter request, meaning it's a new bank rather than a conversion of an existing institution. The agency's public listings show the application under its digital-assets licensing index, where it remains as submitted and pending.
No approval posted
As of the latest check, the OCC has not posted a preliminary conditional approval for World Liberty Trust Company. There's no news release or corporate decision on the agency's site granting the charter. Without that posted approval, WLTC stays in the application phase.
That means market participants haven't gotten a new regulatory signal from the OCC about World Liberty's trust bank. The application has been sitting in the pipeline for more than seven months, and the agency hasn't indicated a timeline for a decision.
Waiting on the OCC
The lack of a posted approval leaves any commercial timelines tied to the bank in limbo. World Liberty Financial hasn't said when it expects a decision, and the OCC hasn't offered a date. Any move forward depends on official agency action, not on the company's own schedule.
The next definitive update would come from the OCC's public pages — either a posted corporate decision or a news release — or from an updated company announcement. Until then, the application remains open and unresolved.
