Trump-Linked Crypto Platform WLF Launches Strategic Token Reserve
World Liberty Financial (WLF), a new cryptocurrency platform with financial ties to former U.S. President Donald Trump, has announced the launch of a strategic “token reserve.” In a statement on Tuesday, the company stated that the reserve aims to help stabilize the market for Bitcoin, Ethereum, and other digital assets while also funding new decentralized finance (DeFi) projects, Reuters reported.
Additionally, WLF plans to establish partnerships with various financial institutions to incorporate tokenized assets into this reserve. However, the company declined to comment on the matter, and both the White House and the Trump Organization have also refrained from providing any responses.
Trump and his family’s business interests have increasingly shifted toward the cryptocurrency sector. In addition to WLF, Trump Media & Technology Group announced in January its plans to enter the crypto-related financial services industry.
According to Reuters estimates, Trump has sold tokens worth $500 million. Furthermore, fees from his Trump meme coin have reportedly generated $100 million in revenue.
WLF was launched just two months before the U.S. presidential election. Trump and his associates hold a 60% stake in the company, own 22.5 billion tokens, and control 75% of the firm’s total revenue.
