Overview
- The Office of the Comptroller of the Currency issued preliminary conditional approval for World Liberty Trust Company on Aug. 14, 2026, but the trust cannot open until it meets the OCC’s preopening conditions and passes a final examination.
- Reporting on Aug. 27–28 identified StringZ Holding as owning 49% of WLTC Holdings and linked that stake to Sheikh Tahnoon bin Zayed Al Nahyan’s backers, while a Trump‑family affiliated entity reportedly holds about 38% of the same holding company.
- If the charter is finalized, the trust bank would take over issuance, redemption, custody and reserve management for USD1, World Liberty’s dollar‑pegged stablecoin, moving control of a multibillion‑dollar token inside a federally chartered entity.
- The OCC required passivity commitments from major shareholders and left other conditions in place, and lawmakers and ethics advisers have asked for congressional hearings and possible CFIUS or national‑security review of the foreign investment ties.
- USD1 has grown to about a $4 billion market size and the bank’s planned takeover of reserve management would shift interest income and operational control to World Liberty, a change that regulators and investors will watch closely given recent U.S. policy toward G42 and the UAE.