The prospective move would deepen World Liberty Financial's close ties to the Tron empire.
World Liberty Financial, the crypto venture backed by the family of U.S. President-elect Donald Trump, is planning to acquire tron (TRX) tokens for its treasury, a person familiar with the matter told CoinDesk.
The prospective move would deepen World Liberty Financial’s close ties to the Tron empire. Tron founder Justin Sun already serves as an adviser to Trump’s crypto project and is its single-largest WLFI token holder, having purchased $30 million in November.
It’s not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Liberty has raised $90 million from sales of the WLFI token and has previously parked seven-figure sums in AAVE and LINK, tokens issued by projects World Liberty has partnered with.
Trump is officially the “chief crypto advocate” of World Liberty Financial, a venture that aims to bring crypto-financial services to the masses. His impending return to the White House is being heralded as a watershed moment for the crypto industry.
Tron is hitching a ride on the wave. A delegation from the project is set to attend the inauguration on Monday, a source told CoinDesk. Tron also sponsored the industry's inaugural gala, the "crypto ball" on Friday night in Washington, D.C.
Trump's team did not immediately respond to a request for comment, and neither did World Liberty Financial.
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