World Liberty Financial Raises $590 Million in Two Token Sales
Date: 2025-03-14 Author: Henry Casey Categories: BUSINESS
The Trump family's DeFi platform project initially planned to raise $300 million by selling 100 billion WLFI tokens, which are governance tokens on Ethereum. In January, the first round of funding was held, during which it was possible to raise $160 million.
According to ICO Drops, World Liberty Financial entered the top ten largest projects by the amount of funds raised.
In February, co-founder Zach Folkman noted that one of the key factors in the success of the project was the investment of $30 million from TRON Foundation founder Justin Sun.
WLFI is available exclusively to accredited investors and cannot be transferred or put up for public auction. The date of entry on exchanges has not yet been announced.
In the project's gold paper, the US President is called the "chief crypto advocate", and his sons - Eric, Barron and Donald Trump Jr. - are designated as Web3 ambassadors. Paxos co-founder Rich Teo became the head of stablecoins and payments, and Luke Pearson from Polychain Capital is listed as an adviser. DT Marks DEFI LLC, owned by Donald Trump, will receive 22.5 billion WLFI and 75% of World Liberty Financial's net profit, excluding operating expenses and a reserve fund of $30 million.
In March, before a major crypto summit in the White House, World Liberty Financial acquired ETH, WBTC and MOVE for $21.5 million, bringing the total investment in digital assets to $336 million.
The platform's portfolio includes ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO and SEI. Most of the funds are held on the centralized exchange Coinbase, which makes it difficult to track potential asset sales.
According to Arkham Intelligence, the current value of WLFI's crypto portfolio is $77.6 million.
In February, the company introduced a strategic crypto reserve called Macro Strategy, which focuses on holding leading digital assets such as Bitcoin and Ethereum.
Earlier, Congress expressed concerns about a possible conflict of interest, noting the similarities between the WLFI reserve and the SBR structure.
