World Liberty Financial Accumulates More Tokens as Herro Reveals Plans for Strategic Token Reserve

World Liberty Financial's co-founder, Chase Herro, revealed at the recent ONDO Summit event that the Trump-backed venture was planning to create a strategic token

World Liberty Financial, a DeFi venture recently launched by Chase Herro with the backing of former President Donald Trump's family, has sparked speculations and raised questions about its true goals and potential conflicts of interest.

The recent update on World Liberty Financial's activities has generated buzz within the crypto community. The venture's aims to create a strategic token reserve using its accumulated crypto assets have been a subject of discussion. While Herro initially disclosed the venture's plans, a recent Bloomberg report stated that Herro did not reveal the venture's intentions for creating a strategic reserve.

The report highlighted that businesses could stand to benefit from Trump's position to influence regulations pertaining to digital asset finance. This comes as U.S. President Donald Trump has taken several steps to create a U.S. Bitcoin strategic reserve, and Christopher Giancarlo, former chair of the U.S. CFTC, commented on the possible regulatory changes under Trump's administration.

Herro spoke during the summit alongside other Word Liberty Financial officials, including Zak Folkman and Zach Witkoff. Notably, President Trump's eldest son, Donald Trump Jr., introduced Herro to the panel during the New York summit. The panel touched on other digital finance-related topics, such as how crypto could shape the future of finance. Herro and the other executives also discussed crypto regulations and real-world asset tokenization.

The blockchain project notably launched an exclusive RWA tokenization Layer 1 chain, the ONDO Chain, during the summit to cater to institutional-grade RWA tokenization. The blockchain also mentioned its partners and advisors in the ONDO Chain creation, including Franklin Templeton, Google Cloud, McKinsey, ABN Amro, WisdomTree, and Wellington Management.

Trump's World Liberty(@worldlibertyfi) just spent 470K $USDC to buy 342K $ONDO again.https://t.co/UeDdWJIRag pic.twitter.com/FSqYc9Tw9c

— Lookonchain (@lookonchain) February 6, 2025

World Liberty Financial has been accumulating crypto since its launch in October last year, with its portfolio featuring USDT, USDC, ONDO, ETH, STETH, and more.

According to data from Lookonchain, the DeFi venture made its latest crypto purchase, spending over $470,000 USDC to acquire about 314,000 ONDO on February 6.

The venture's crypto purchases, including a recent large-scale acquisition of ONDO tokens, have become a topic of interest among crypto enthusiasts. As per data from Arkham Intelligence, the latest purchase brings World Liberty Finance’s ONDO holdings to over 342,000, valued at around $465,000 at the token's current price.

Meanwhile, data from Spot On Chain showed that World Liberty Finance's latest crypto purchase was valued at over $185 million, including ETH and wBTC, each worth $47 million, to celebrate President Trump's inauguration. The venture also reportedly acquired TRX, AAVE, ENA, and LINK, each valued at $4.7 million.

The DeFi venture also purchased 4 Ethereum domain names: worldliberty.eth, trumpcoin.eth, barrontrump.eth, and erictrump.eth.

The ENS domain name purchases sparked rumors of more memecoins from the Trump family. The speculations came after the launch of President Trump’s memecoin, OFFICIAL TRUMP, and Melania Trump’s, MELANIA. The memecoins’ prices surged before and during the Trump inauguration but later corrected.

World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.

Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U

— Spot On Chain (@spotonchain) February 4, 2025

Data from Spot On Chain highlighted the Trump-backed company moved multiple assets on February 4.

The asset movement led to speculations that the company was selling its assets. Spot On Chain showed that World Liberty Financial moved over $300 million in 8 assets to Coinbase Prime. The on-chain analytics website mentioned that the transfers were part of the venture’s plans for treasury management and business operations.

However, the Trump-backed company recently tweeted that the recent transfers were routine asset movements to handle payments, fees, and working capital requirements. World Liberty Financial also confirmed that it was not selling tokens but only