World Liberty Gets Preliminary OCC Nod for Bank Charter

August 14, 2026

The OCC gave preliminary conditional approval to establish World Liberty Trust Company, National Association.

Organizers must maintain at least $20 million in tier 1 capital, raise required capital within 12 months (August 2027), and open within 18 months (February 2028).

BitGo remains issuer and custodian until final approval. WLTC plans to acquire USD1 reserve assets and liabilities from BitGo upon opening.