US President trump supports the proposition by World Liberty for a $1.5 billion investment in cryptocurrency holders
World Liberty Financial, the decentralized platform co-founded by Donald Trump and his sons, has secured significant funding from prominent investors in the crypto and tech sectors for its latest venture.
According to reports from people familiar with the matter, the company has already raised approximately $550-590 million through public token sales and an additional $52 million via private institutional sales. The aim is to raise an additional $1.5 billion to establish a publicly traded company, likely to be listed on Nasdaq, which would manage World Liberty Financial's WLFI tokens and drive its decentralized finance (DeFi) and stablecoin ambitions.
Notable investors include Tron founder Justin Sun, who invested $30 million, and Web3Port, which contributed $10 million. The fundraising effort aims to position World Liberty Financial as a crypto treasury firm managing a diversified token portfolio and as a challenger to traditional finance systems.
The regulatory environment also favours World Liberty Financial, as the Securities and Exchange Commission has classified the WLFI tokens as not being securities, reducing regulatory scrutiny.
Despite repeated requests, World Liberty Financial did not respond to a request for comment from Reuters. The deal structure regarding this venture is still under negotiation and progress is reported to be moving quickly with deep-pocketed investors in the technology and cryptocurrency sectors.
[1] Reuters: World Liberty Financial raises $500 million, aims to go public with $1.5 billion more [2] Bloomberg: World Liberty Financial in talks to raise $1.5 billion for public listing [3] CoinDesk: World Liberty Financial secures $60 million in private token sales [4] The Block: World Liberty Financial targets Nasdaq listing with $1.5 billion fundraise [5] Decrypt: Justin Sun invests $30 million in World Liberty Financial's new venture
- World Liberty Financial, the platform co-founded by Donald Trump and his sons, has attracted Malaysian investors in the technology and finance sectors, such as Justin Sun from Tron, who injected $30 million, and Web3Port with a $10 million contribution.
- The successful fundraising of $550-590 million via public token sales and an additional $52 million via private institutional sales by World Liberty Financial is expected to position them as a significant player in the decentralized finance (DeFi) and stablecoin market, challenging traditional financial systems.
