Trump-Linked World Liberty Seeks $1.5B for Public Crypto Holding Firm: Bloomberg
Main Idea
World Liberty Financial, a DeFi platform linked to the Trump family, is seeking to raise $1.5 billion to establish a public crypto holding firm, coinciding with Trump's pro-crypto policies.
Key Points
1. World Liberty Financial is in talks to raise $1.5 billion from investors to form a public company holding its WLFI tokens.
2. The WLFI tokens, initially non-transferable governance assets, are expected to become tradable.
3. The move aligns with Trump's recent pro-crypto executive order allowing 401(k) plans to invest in alternative assets like cryptocurrency.
4. World Liberty Financial would join other crypto treasury firms issuing debt and equity to accumulate digital tokens.
Description
World Liberty Financial, the decentralized finance platform with ties to the Trump family, is said to be in talks with large investors to raise about $1.5 billion for a public company that would hold its WLFI tokens. The deal’s structure, Bloomberg reports , is still under discussion. The company approached deep-pocketed investors in technology and crypto, the report said, citing people familiar with the matter. Last year, the firm outlined plans for a crypto-lending app and currently issues USD...
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