SUI Token Soars 20% on News of Trump-Linked World Liberty Financial (WLFI) Partnership

WLFI continues to expand its footprint in the digital assets sector with another major announcement highlighting its partnership with SUI.

output: Cryptocurrency has been a hot topic in the US in recent times, with major figures in the political sphere also showing interest in the sector.

Earlier this week, the Sui Foundation announced a partnership with World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol founded by figures in the Trump family.

The partnership will see SUI, the native token of the Sui blockchain, included in the diverse strategic reserve of the Donald Trump-inspired DeFi protocol.

The integration of SUI with the platform will allow it to become more instrumental in bolstering leading Web3 projects, with the partners also exploring product development opportunities.

“We are very excited to work with Sui and explore the innovative opportunities this collaboration presents,” said Eric Trump, the third child of President Trump and Web3 Ambassador at World Liberty Financial.

Meanwhile, Zak Folkman, co-founder of World Liberty Financial, highlighted the key reasons why they chose Sui as a partner.

Firstly, he claimed that their decision was based on Sui being an “American-born innovation,” in addition to its “impressive” scalability and rate of adoption.

“This partnership was an obvious decision as it aligns perfectly with our goal of bringing DeFi to more Americans. We are thrilled to welcome Sui into the Macro Strategy reserve and look forward to a successful collaboration that will unlock new possibilities in the Web3 space,” Folkman added.

The partnership was also announced on the official X (formerly Twitter) account of World Liberty Financial.

Announcing the partnership, Evan Cheng, Sui's co-founder and CEO of Mysten Labs, remarked that Sui's technology and WLFI's ambitions could redefine how the world stores and uses assets.

“We share a vision of a future where the people take back control of their finances, creations, and online agency, and our work together will make that vision a more rapid reality,” Cheng stated.

Last month, WLFI unveiled its “Macro Strategy” strategic reserve for cryptocurrency investments.

Donald Trump Jr., US President Trump’s eldest son and another key figure in the organization, said the token reserve serves as the DeFi platform’s financial backbone.

Trump Jr. emphasized that WLFI designed the reserve as a way to mitigate the effects of market volatility through its diverse holdings. It also lets the company empower investments centering on reinforcing innovative projects within the DeFi community.

Furthermore, the presidential son noted that Macro Strategy promotes transparency, trust, and long-term sustainability through its well-capitalized reserve. WLFI likewise rewards Macro Strategy participants with PR boosts and joint branding opportunities.