World Liberty Financial, the Decentralized Finance Platform Backed by President Donald Trump, Announces It Has Raised $550 Million

World Liberty Financial, the decentralized finance platform backed by President Donald Trump, announced this week that it has raised a total of $550 million in a series of token sales. By Kirsten Smith.

President Donald Trump's decentralized finance platform, World Liberty Financial, has raised a total of $550 million in a series of token sales, the company announced this week.

"This milestone proves that those who truly understand crypto and finance recognize what we’re building—and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years," Zach Witkoff, cofounder of World Liberty Financial, said in a statement earlier this bật bài viết này trong email hàng ngày của bạn.

The company sold $300 and $250 million worth of Ethereum, Bitcoin, Tron, Ondo, Sui, and other cryptocurrencies. The purchases are part of its strategic token reserve which “helps strengthen leading cryptocurrency projects while providing stability to its treasury through diversification before ultimate disposition,” the company said in a statement.

World Liberty Financial also says it has “established key relationships” with major players in the crypto space including other decentralized finance platforms like ONDO Finance, Sui, and Aave. Justin Sun, the founder of Tron blockchain, has invested $75 million in World Liberty Financial since Trump's election in November.

"The token sales are just the beginning," Witkoff said in a statement this week. "We’re gearing up to launch a wave of disruptive technology that will redefine the boundaries of what’s possible with digital assets."

This story was originally featured on Fortune.com