On January 20, local time, Donald Trump was officially inaugurated as the 47th President of the United States. To commemorate this historic moment, the
On January 20, local time, Donald Trump was officially inaugurated as the 47th President of the United States. To commemorate this historic moment, the Trump family's crypto project WLFI (World Liberty Financial) announced a series of cryptocurrency investment initiatives, including an investment of $47 million in WBTC (Wrapped Bitcoin). This move not only marks WLFI's further expansion and deepening in the cryptocurrency landscape but also strongly demonstrates WBTC's exceptional competitiveness and broad development prospects in the market due to its unique advantages.
WBTC (Wrapped Bitcoin) is an ERC-20 token issued by BitGo on the Ethereum blockchain, backed 1:1 by Bitcoin. Its custodian is a joint venture established by BitGo and BiT Global, focusing on diversifying the custody and cold storage services of WBTC across multiple jurisdictions.
A director at BiT Global Trust, Z Liu, stated that the crypto market is currently at a critical moment, with decentralized assets—especially Wrapped Bitcoin products—gradually gaining a foothold. He expressed, "We are pleased that President Trump has chosen WBTC, which not only highlights WBTC's advantages in liquidity and transparency but also indicates its convenience and low cost in cross-chain and DeFi protocol transactions. We firmly believe that WBTC will continue to lead the deep integration of Bitcoin and the DeFi ecosystem."
Presently, WBTC has over 110 partners and supports multiple blockchain platforms such as Ethereum, Osmosis, Kava, and Base, while achieving circulation to various networks like BNBChain, Solana, and Arbitrum through cross-chain technologies like LayerZero. Due to its low transaction fees, high liquidity, and transparent custody mechanism, WBTC has become one of the largest Bitcoin DeFi applications, providing global investors with more efficient and flexible asset allocation and trading services.
This decision by WLFI to purchase $47 million worth of WBTC not only reflects a high recognition of WBTC's investment value but also demonstrates a strong optimism about the future development prospects of the cryptocurrency sector. As an important component of crypto assets, WBTC will create more opportunities for WLFI's layout in the global financial market, promoting its strategic expansion and influence growth.
This investment by WLFI in WTBC on the day of Trump's inauguration highlights WTBC's core advantages in the crypto ecosystem and lays a solid foundation for its deep integration with Bitcoin and the DeFi ecosystem. In the future, WTBC is expected to continue leading industry innovation, bringing more opportunities and development space to the crypto market, and is likely to become one of the important forces driving the transformation of the global financial market with its outstanding performance in liquidity, transparency, and cross-chain transactions.
Apart from WBTC, WLFI also announced the purchase of $4.7 million worth of TRX (Tron token), marking WLFI's first investment in a Chinese project. This move not only showcases WLFI's forward-looking vision in the cryptocurrency field but also reflects its active support for decentralized finance and the development of blockchain technology.
