A well-known American family-backed crypto project, World Liberty Financial, is actively advancing its application for a financial license. Its newly established entity, World Liberty Trust Co., submitted the application documents to regulators on January 5th. According to publicly available application materials, the Chief Financial Officer position has not yet been filled, but industry insiders reveal that the appointment will be finalized soon. This move is quite significant—if approved, the entity will be able to legally conduct core banking services such as asset custody, which will significantly promote the widespread use and market recognition of its USD1 stablecoin. From custody rights to mainstream stablecoins, the entire chain is gradually improving. This also reflects the broader trend of crypto assets seeking to deeply integrate into the traditional financial system.