Matrix generators for the unit groups of $L_K(1,d)$

Let $K$ be a field and put $L_d=L_K(R_d)\cong L_K(1,d)$. Ordered leaf sets in the rooted $d$-ary tree determine copies of general linear groups over $K$ inside $L_d^{\times }$. We prove that these copies generate $L_d^{\times }$ for every $d\ge 2$. In the binary case, $L_2^{\times }=⟨1+ea{f}^{\ast },1+fb{e}^{\ast }:a,b\in L_2⟩$. We characterize finite generation of $L_d^{\times }$, determine the subgroup represented by monomial matrices, and embed ${\text{GL}}_{\mathrm{\infty }}(K)$ in $L_2^{\times }$. Over a finite field, finite presentability of $L_d^{\times }$ is equivalent to finite generation of the unstable $K_2$-group $K_2(n,L_d)$ for every $n=1+r(d-1)\ge 5$, where $r\ge 0$; we also compute $K_2(L_d)$.