Wise Plc wants to create a national trust bank in the US, in the latest sign of its growing focus on America as it works on moving its main share listing to the country, Bloomberg reports.

The London-headquartered payments firm filed its application to be directly regulated by the US’s Office of the Comptroller of the Currency on June 16, documents show. Its US hub will be in Austin, Texas, where the firm already has some 450 staff.

If granted, Wise is hoping to use the national trust bank charter to connect directly to the payment rails of the Federal Reserve in order to clear and settle US dollar-based payments, according to the application. The US dollar is already Wise’s largest currency, representing almost half of the company’s cross-border volume, the application shows.

Wise, which was previously known as Transferwise, is one of the world’s largest money transfer companies, serving nearly 13 million customers — including 1.8 million in the US. In June, the company announced plans to move its primary share listing to the US from London to help increase liquidity. The firm’s circular on moving its primary listing is expected to come this month, which will then go to a shareholder vote.

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