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Cryptocurrency News Articles

Donald Trump-Associated DeFi Project Raises $550M In Latest Token Sale, Bringing Total Fundraising to $590M

Mar 14, 2025 at 09:03 pm

A decentralized finance project associated with U.S. President Donald Trump has raised 550 million dollars in its latest token sale, bringing total fundraising to 590 million dollars.

Donald Trump-Associated DeFi Project Raises $550M In Latest Token Sale, Bringing Total Fundraising to $590M

A decentralized finance project associated with former U.S. President Donald Trump has raised 550 million dollars in its latest token sale, bringing total fundraising to 590 million dollars, The Block reported on Wednesday.

The initiative, known as World Liberty Financial, is focused on promoting dollar-backed stablecoins and decentralized financial applications.

World Liberty Financial recently completed the sale of 5 billion WLFI tokens, representing 25 percent of its total 100 billion supply.

According to co-founder Zak Folkman, the project intends to release up to 63 percent of its total supply in future sales.

The project initially launched a public sale in October 2024, selling 20 billion tokens at 1.5 cents each. By January 2025, this sale had generated 300 million dollars.

Following this, another 5 billion tokens were made available at 5 cents per token, raising an additional 250 million dollars.

See Also: Best Stablecoin Wallets

Earlier token sales had seen slow demand, but interest picked up after Trump and Melania Trump unveiled their own meme coins, sparking curiosity in Trump-linked crypto ventures.

Several high-profile investors have contributed to World Liberty Financial.

In November 2024, Tron TRON/USD founder Justin Sun chipped in with 30 million dollars, leading to his appointment as an advisor. Web3Port, an investment platform, also pledged 10 million dollars in January 2025.

Holders of the WLFI token can take part in governance decisions for the project. However, the tokens do not provide financial ownership in any entity, and transfers are limited for the first 12 months following issuance.

While Trump is listed as the chief crypto advocate on the project’s website, and his sons—Eric, Donald Jr., and Barron—are named members, the official white paper specifies that the Trump family does not own or manage World Liberty Financial.

As the project progresses, its alignment with Trump’s pro-crypto attitude and the broader push for decentralized finance could influence future investor mood.

With plans for more token sales, the market will be watching closely to see how the initiative develops.

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Other articles published on Mar 17, 2025