The Office of the Comptroller of the Currency (OCC) announced on Friday that it has granted preliminary conditional approval for a federal bank charter to World Liberty Trust Co., a venture backed by the Trump family.
The regulatory decision marks a key step forward for the institution, though the approval remains subject to specific conditions set by the federal regulator before full operational status can be achieved. Further details regarding the timeline and specific operational parameters of World Liberty Trust Co. were not immediately disclosed.
