World Liberty Financial Raises $550M Through Two Token Sales

Since its October launch, World Liberty Financial has raised $550 million through two token sales, including $250 million announced last week.

World Liberty Financial, a crypto banking platform backed by the Trump family, has completed the token sale for its stablecoin, raising a total of $550 million through two sales, according to a Monday report byDecrypt.

The sales, which drew more than 85,000 verified participants, come as the Trump administration accelerates its agenda to integrate digital assets into the U.S. financial system. Earlier this month, President Trump signed an executive order to create a Strategic Bitcoin Reserve.

The administration's AI and crypto czar, David Sacks, also disclosed the sale of over $200 million in digital asset investments to avoid conflict-of-interest concerns as he joins the administration.

The Trump family could receive up to 75% of the venture's net revenue, according to a SEC filing last week. The Trump-backed project also announced a partnership with Animoca Brands to develop the "next generation of Web3 experiences."

The sales come after the DEFI Network, which is developing the WLFI token, disclosed in October that it had raised $300 million in the first stage of the token sale. At the time, the project said it was aiming to raise $500 million in total.

The enterprise value of the venture, which is being overseen by a trust company, is set at $666 million ahead of the planned exchange listing later this year, according to the filing.

The DEFI Network is also planning to launch an NFT marketplace and a decentralized autonomous organization, or DAO, which will give community members a say in the project's direction.

The news comes as stablecoins, which have become a "systemically important" part of the market to some analysts, are being closely watched by crypto investors for evidence of demand, liquidity and activity in the market.

Stablecoins are largely used for trading on centralized and decentralized exchanges and as collateral in DeFi. They are also increasingly being touted as a way to help preserve the hegemony of the U.S. dollar.

PayPal and Gemini are among the many U.S. stablecoin issuers. In December, Ripple announced its new stablecoin, called ripple USD, or RLUSD. A month earlier, a consortium of companies including Robinhood, Galaxy Digital and Kraken launched their Global Dollar, or USDG, and joint stablecoin network, the Global Dollar Network.

At last week's Digital Asset Summit in New York City, Trump addressed attendees virtually, saying the industry "will unleash an explosion of economic growth, and with the dollar back, stablecoins, you'll help expand the dominance of the U.S. dollar."

Earlier this month, Treasury Secretary Scott Bessent said at the inaugural White House Crypto Summit that "we are going to keep the U.S. the dominant reserve currency in the world and were going to use stablecoins to do that."

Stablecoin legislation is widely seen as the lowest hanging fruit for crypto legislation, which most market participants hope will be passed and implemented sometime this year. The GENIUS Act, which seeks to provide a framework for regulating stablecoins, was recently advanced out of the Senate banking committee with bipartisan support. When the U.S. does get legislation on stablecoins, it's expected that banks will begin issuing their own as well to take advantage of their ability to make payments faster, cheaper and more transparent.