← Embedded Finance Index 2026

World Liberty Financial

“Can a crypto-native, politically-branded stablecoin issuer become a chartered US trust bank and the payments infrastructure layer for both AI agents and cross-border remittance?”

Founded2024
HQBay Harbor Islands, Florida, USA
FoundersZachary Folkman, Chase Herro, Alex Witkoff, Zach Witkoff, Trump family members
IndustryFintech / Crypto
The story

World Liberty Financial launched in 2024 as a Trump-family-associated DeFi venture with the WLFI governance token, then expanded into stablecoin issuance with USD1 (issued via BitGo). The strategy has since broadened aggressively along multiple embedded-finance vectors: WLFI Markets for lending (via Dolomite), World Swap for FX/remittance, an AgentPay SDK for AI-agent payments, and — most notably — a January 2026 application for a US national trust bank charter (World Liberty Trust Company), conditionally approved by the OCC in August 2026. The company is positioning as a DeFi-TradFi bridge with its own bank charter to custody USD1 reserves.

Last 12 months
2026-08
2026-01
2026-02
2026-08
2026-08
2026
Product timeline
2024
Company founded by Folkman, Herro, the Witkoffs, and Trump family members; initial WLFI token release September 2024.· pivot
2025
USD1 stablecoin launched, issued/redeemed via BitGo Trust Company.· banking
2025
WLFI token becomes publicly tradable following governance vote; WLFI Markets launched (powered by Dolomite).· lending
2026
Applied for a US national trust bank charter (World Liberty Trust Company) in January 2026.· banking
2026
Announced World Swap, a forex/remittance platform.· pivot
2026
OCC conditionally approves World Liberty Trust Company national trust charter (August 2026).· banking
2026
Launched AgentPay SDK for agentic on-chain payments with policy enforcement and human approval.· pivot
2026
Applied to charter World Liberty Trust Company, National Association — national trust bank (OCC, Bay Harbor Islands, FL); conditional approval — Corporate Decision 1385 2026-08-14. [charter]· banking
Regulated entities
1
regulatory licence held by World Liberty Financial
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Bank charter application
World Liberty Trust Company, National AssociationConditional approval
National trust bank · OCC · Bay Harbor Islands, FL · filed 2026-01
Conditional approval · Corporate Decision 1385 · 2026-08-14
Trust charter to expand the USD1 stablecoin business to institutional customers.
Source · OCC decision letter
The stack
7 layers disclosed in World Liberty Financial’s embedded-finance stack
Payments / PSP
AgentPay SDK (self-operated)global payments
Banking / BaaS
in the full report
Lending
in the full report
KYC
in the full report
FX & payouts
in the full report
Crypto
in the full report
Investing
in the full report
Accounting gap: minor
14 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.