Great news

WLFI has received approval from the Office of the Comptroller of the Currency to establish a national trust bank

I checked, and this license is very valuable, with only a handful of institutions having been approved previously.

▌2021: Anchorage was the first to be approved (the earliest case)

▌2025: Five companies including Circle, Ripple, BitGo, Paxos, etc., were approved collectively

▌2026: Only a few institutions such as Bridge, Coinbase, Protego, and WLFI were approved

For WLFI, the significance of this approval lies in breaking free from reliance on third parties.

It upgrades from a model reliant on third parties and state-level regulation to an infrastructure that has federal regulatory endorsement and can independently issue and manage stablecoins.

WLFI also becomes the latest member in the industry seeking federal trust licenses, following Circle, Ripple, BitGo, and Coinbase.

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