Trump-linked World Liberty plans to launch a cryptocurrency vault company
2025-08-09 14:55:46
Cryptocurrency vault companies are in demand, and World Liberty Financial, backed by the Trump family, plans to capitalize on the craze and form a public company to hold its WLFI tokens, and is seeking investors' input on the plan. The structure of the deal, which is still being finalized and is expected to raise around $1.50 billion, has approached large investors in the tech and cryptocurrency industries, and talks are moving quickly, according to people familiar with the matter. World Liberty lists Trump as an "honorary co-founder" on its website. The company announced plans last year to launch a crypto lending app that currently offers the dollar-pegged stablecoin USD1. The company raised funds by selling its WLFI token, which was originally designed as a non-transferable governance token but plans to trade on the open market.
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