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Cryptocurrency News Articles
Crypto Giant DWF Labs Pours $25M into Trump-Backed WLFI Tokens
Apr 17, 2025 at 03:06 am
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.
Crypto market maker and Web3 investment firm DWF Labs is expanding into New York City with a new office and a $25 million investment in Trump-backed WLFI tokens.
The firm said Wednesday that the move is part of its broader strategy to strengthen institutional partnerships and increase its presence in the world’s largest market for digital asset innovation.
The New York office will also allow DWF Labs to forge closer connections with banks, asset managers, and fintech companies exploring blockchain integration. In addition to hiring local talent in trading, compliance, and business development, DWF Labs said it plans to deepen its regulatory engagement with U.S. policymakers and advance educational initiatives in collaboration with American colleges and universities.
This move is also expected to drive liquidity and adoption for projects, such as the upcoming USD1 stablecoin, which is central to an emerging decentralized finance (DeFi) ecosystem.
In a private transaction, DWF Labs has acquired $25 million worth of World Liberty Financial (WLFI) governance tokens. The decentralized finance protocol and governance platform was inspired by President Donald J. Trump.
This investment underscores DWF Labs’ intent to participate in WLFI governance and support initiatives that address real-world financial needs, with a particular emphasis on meeting the growing demand for institutional-ready stablecoins like USD1.
“The U.S. is the world’s largest single market for digital asset innovation. Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption,” said Andrei Grachev, Managing Partner of DWF Labs.
“The U.S. is the world’s largest single market for digital asset innovation. Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption,” said Andrei Grachev, Managing Partner of DWF Labs.
“Moreover, the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services.”
“Moreover, the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services.”
Grachev’s remarks highlight that DWF Labs plans to leverage its vast liquidity network and sophisticated algorithmic infrastructure across both centralized and decentralized trading venues to create deeper markets for projects like USD1.
“We believe that crypto is going to transform and improve global finance, and stablecoins like USD1 will continue to be fundamental elements in the DeFi technology stack,” said Zak Folkman, co-founder of World Liberty Financial.
“As our partner, we expect DWF Labs to help accelerate the next-generation infrastructure we’re actively building at WLFI.”
Earlier this month, the WLFI project added 4.89 million SEI tokens to its portfolio in a purchase valued at approximately $775,000. The transaction occurred on April 12 when one of WLFI’s trading wallets, funded with USDC transferred from the project’s main wallet, executed the trade.
Earlier this month, the WLFI project added 4.89 million SEI tokens to its portfolio in a purchase valued at approximately $775,000. The transaction occurred on April 12 when one of WLFI’s trading wallets, funded with USDC transferred from the project’s main wallet, executed the trade.
The project’s portfolio already includes major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), along with other altcoins like Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX), and now Sei (SEI).
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