What You Need to Know:
- World Liberty Financial, a cryptocurrency initiative connected to the family of Donald Trump, is preparing to procure tron (TRX) for its treasury.
- This project has previously acquired tokens from partner firms Aave and Chainlink.
World Liberty Financial is poised to enhance its financial portfolio with the purchase of TRX tokens, according to sources with knowledge of the situation. The expected acquisition is a step towards strengthening its existing partnership with the Tron network and its founder, Justin Sun, who also serves as an advisor to Trump's initiative. Sun is noted for being the primary holder of the WLFI token, having invested $30 million in November.
The extent of TRX tokens that World Liberty intends to secure remains undetermined, but the company has previously raised $90 million through WLFI sales and has allocated significant investments into AAVE and LINK, provided by its collaborators.
Trump has been labeled the "chief crypto advocate" for World Liberty Financial, which aims to reach a broader audience with innovative crypto-financial solutions. His anticipated return to the presidency is seen as a pivotal moment for the cryptocurrency sector.
Tron will also be present during Trump's inauguration, with a delegation scheduled to participate. The Tron project co-hosted the industry's inaugural gala known as the "crypto ball" in Washington, D.C, as reported by sources close to the event.
Trump's representatives have not responded to requests for comments, nor has World Liberty Financial.
