The Trump family appears to be strengthening its control over WLFI. WLFI was announced before Trump took office, but it is still in the development stage. According to a report published by Reuters on Monday, the Trump family further consolidated its control of World Liberty in January by forming WLF Holdco LLC. Among them, DT Marks DeFi LLC is an affiliated entity of Trump and some of his family members. It holds a 60% stake in the new company, WLF Holdco LLC, which holds the sole member interest in WLFI and is responsible for overseeing the development of the agreement and operating the WLFI governance platform. Although the ownership of the remaining 40% remains unclear, the adjustment makes it appear that WLFI co-founders Zak Folkman and Chase Herro are no longer in control of the platform.
So far, WLFI has raised $550 million by selling WLFI tokens to accredited investors in the United States and non-accredited investors worldwide. According to documents released at the launch of the program, the Trump family may receive a net gain of 75% from this part of the sales.
The Trump family holds at least 60% of WLFI through a new holding company
2025-03-31 17:25:16
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