Trump-Backed World Liberty Financial Seeks $1.5 Billion

World Liberty Financial, a DeFi project backed by the Trump family, is looking to raise approximately $1.5 billion to create a publicly traded treasury company that will manage its WLFI tokens, as reported by Bloomberg. Negotiations with tech and crypto investors are reportedly progressing swiftly, although the deal's specifics are still under discussion. The plan includes Eric Trump and Donald Trump Jr. serving on the board of the new entity, according to Fortune. The establishment of a WLFI treasury company follows the recent surge in digital asset treasury firms, which have been diversifying their portfolios with assets like Bitcoin, Ethereum, and lesser-known tokens including HYPE and TAO. World Liberty Financial has been acquiring tokens from various crypto projects to build its own digital asset treasury, currently boasting nearly $55 million in Ethereum (some staked), $19 million in wrapped Bitcoin tokens, and almost $14 million in Tron, along with additional holdings in EOS, Mantle, Ondo, and more, according to Arkham data. WLFI tokens are offered alongside the USD1 stablecoin but are not yet available for trading. However, they will become tradable after a nearly unanimous vote from token holders last month. Only the tokens sold to early backers will be unlocked initially, with a future vote to determine the release schedule for the remaining WLFI tokens from the total supply of 100 billion. Additionally, the project plans to reward users of its USD1 stablecoin with points, as previously highlighted by The Block. Critics have raised concerns about potential conflicts of interest regarding President Trump’s role as "co-founder emeritus" of the initiative. Disclaimer: The Block is an independent media outlet providing news and data. As of November 2023, Foresight Ventures has a significant investment in The Block and engages in other investments within the crypto sector. Notably, crypto exchange Bitget acts as an anchor LP for Foresight Ventures, while The Block aims to deliver unbiased and timely insights into the crypto industry. Please refer to our financial disclosures for more information. © 2025 The Block. All Rights Reserved. This article is for informational purposes only and should not be construed as legal or financial advice.