Key Points
- World Liberty Financial is reportedly in negotiations to secure $1.5 billion from key investors.
- The raised capital will fund a public company that will hold WLFI tokens, which are anticipated to be tradable.
- This initiative aligns with the recent pro-crypto shifts in Trump’s policies, like permitting 401(k) plans to invest in cryptocurrencies.
World Liberty Financial, a decentralized finance platform associated with the Trump family, is looking to collect approximately $1.5 billion from wealthy investors to establish a public firm that will manage its WLFI tokens.
According to Bloomberg’s report, the structure of the arrangement is still being finalized as the company engages with prominent investors in the tech and crypto sectors.
World Liberty Financial
The firm previously articulated ambitions for a cryptocurrency lending application and currently offers USD1, a dollar-backed stablecoin, which was instrumental in facilitating MGX’s $2 billion investment in Binance. The WLFI tokens, initially designed as non-transferable governance assets, are reported to become tradable soon.
Trump has manifested a series of pro-crypto policies, including an executive order that recently allows 401(k) retirement funds to invest in various alternative assets, encompassing cryptocurrencies.
