Donald Trump's World Liberty Financial (WLFI) Adds Ondo Finance (ONDO) to Its Crypto Portfolio

Donald Trump's World Liberty Financial (WLFI) has added more crypto assets to its investment portfolio. They did a new acquisition of Ondo Finance (ONDO) tokens.

World Liberty Financial (WLFI) has acquired 134,216 Ondo Finance (ONDO) tokens in a new cryptocurrency purchase.

On December 15, WLFI exchanged 250,000 USDC for the ONDO tokens through the CoW protocol at an average price of $1.86 per token. The transaction occurred at 22:51 (UTC).

This adds to a series of crypto investments by WLFI, which is accumulating digital assets as part of its decentralized finance (DeFi) operations.

The latest acquisition comes as part of WLFI’s strategy to diversify its portfolio of digital assets in preparation for its future financial services.

In another development, AaveDAO has approved World Liberty Financial’s (WLFI) proposal to deploy a customized Aave v3 instance on Ethereum’s mainnet. This will allow WLFI to integrate Aave’s infrastructure into its platform, which will initially support major digital assets like ETH, WBTC, and stablecoins.

The custom-built instance will introduce a tailored risk management model to govern asset liquidity.

ONDO Crypto Surges 11% to $2.03 Following WLFI Purchase

Following the World Liberty Financial (WLFI) purchase, ONDO crypto surged over 11% within 24 hours.

After the transaction, ONDO crypto was trading at $2.03, with a market capitalization of $2.82 billion. The 24-hour trading volume also increased by 127%, reaching $574.56 million.

At the time of writing, ONDO has 1.38 billion tokens in circulation, with a fully diluted market cap of $20.3 billion.

The rally in ONDO’s price could be attributed to increased interest from investors and enhanced liquidity in the market.

The trading volume has risen significantly, indicating that traders and investors are returning, and WLFI’s participation is further driving the rally. The token rose from the initial price of $1.81 to a high of above $2.10 before leveling off around $2.03.

WLFI Holdings Reach Nearly $45 Million Across Five Altcoins and cbBTC

WLFI has acquired several cryptocurrencies as part of its crypto buying since late November. The latest addition of ONDO to the portfolio joins a list of assets that includes ETH, Chainlink (LINK), Aave (AAVE), Etherna (ENA), and Coinbase Wrapped Bitcoin (cbBTC). Based on on-chain data, the current value of the assets held by WLFI is approximately $45 million.

Previous trades include $30 million for 8,105 ETH at $3,701 per token, $10 million for 103 cbBTC at $97,181 per, $2 million for 78,387 LINK at $25.5, and $2 million for 6,137 AAVE at $326 per coin.

The growing crypto stash of WLFI suggests that the company is making moves to position itself well in the digital asset market.

WLFI Prepares for DeFi Operations Amid Growing Crypto Investments

The recent cryptocurrencies acquired by World Liberty Financial fit perfectly within the organization’s goals of revolutionizing the world with decentralized finance solutions. WLFI aims to extend better borrowing and lending services by using its crypto assets to provide better financial products.

However, WLFI still has a long way to go towards its $300 million target and has only managed to secure $44.7 million. TRON founder Justin Sun contributed $30 million to the protocol in November as part of its fundraising campaign.

Analysts are expecting more activity from WLFI’s multi-signature wallet in the near future. As more niche assets to be added to its portfolio in the coming weeks, more of such acquisitions could affect token prices as has been witnessed with ONDO in the recent past.