According to CoinDesk, World Liberty Financial, backed by the Trump family, has announced the launch of its token reserve aimed at supporting various cryptocurrency ecosystems. The announcement was made through a post on X, highlighting the firm's strategy to diversify its token holdings and collaborate with traditional finance firms to invest tokenized assets into the reserve.
While specific details about the tokens the reserve will invest in were not disclosed, World Liberty Financial emphasized a particular focus on decentralized finance (DeFi). This move aligns with the firm's broader strategy to engage with both the crypto and traditional finance sectors. Last week, Chase Herro, co-founder of World Liberty Financial, mentioned plans to establish a "strategic reserve" of crypto assets, indicating a proactive approach to expanding their digital asset portfolio.
The firm has already accumulated a variety of tokens, including TRON's TRX, USDC, Ether (ETH), staked ETH and MOVE tokens. This information was confirmed by data from Arkham Intelligence, showcasing World Liberty Financial's commitment to building a diverse and robust token reserve.
