Let's talk about the intention of Trump's WLFI project

I probably thought about why the Trump family wanted to do the WLFI project? Just talking about it

In fact, Trump's ambition is also written very directly in the slogan of this project: Financial Revolution/Removing the shackles of traditional finance/Taking back the rights

If the Trump family Defi project is really done, it can theoretically compete with the old bank families and the existing Wall Street capital groups.

Modern banking business is nothing more than these:

1. Savings/borrowing/payment (Borrow/Lending/Payment)

2. Asset issuance (stocks/bonds/ABS, etc.) + sales transactions + (stocks, bonds, foreign exchange, commodities and related complex derivatives, margin trading, etc.) + custody (Custodian)

3. Asset management (issuing public funds, ETFs, pension plans) + wealth management/private banks)

All of the above can be done on the chain through the Defi protocol.

In fact, we can imagine the combination of Ethereum + existing Defi projects as a big bank.

At present, there are various smart contract protocols to realize staking, borrowing and lending, transaction execution and liquidity acquisition (decentralized exchange DEX),

Next, Trump will further promote the tokenization of real-world assets (RWA Tokenization), and then he can complete the asset issuance work on the chain. It's like creating a new investment bank like Goldman Sachs and Morgan Stanley.

Think about it, when you mention international financial families in the future, in addition to Morgan, Rothschild, Rockefeller, Mellon, etc., add another name: Trump.

#Web3#Investment Bank#ETH#SOL#Trump#WLFI#Bank#Trump#Musk#Goldman Sachs