Emirati fund invests 100 million dollars in Trump's cryptocurrency project
Aqua 1, an investment fund based in the UAE, has announced a 100 million dollar investment in World Liberty Financial (WLFI) tokens, associated with the cryptocurrency project of American President Donald Trump's family.
A joint statement between Aqua 1 and WFLI confirmed that this partnership aims to accelerate the establishment of a financial ecosystem based on blockchain and enhance the use of stablecoins.
Zach Volkman, co-founder of WLFI, expressed his enthusiasm for collaborating with the Emirati team.
With this investment, Aqua 1 becomes one of the major shareholders in the project, which is also supported by cryptocurrency entrepreneur Justin Sun.
This is the second Emirati investment in the project in recent months, as MGX used the stable coin “WLFI” USD1 to invest 2 billion dollars in the Binance platform in May.
David Lee, co-founder of Aqua 1, explained that the two companies will work on incubating promising blockchain projects, along with plans to launch the Aqua 1 Aqua fund to support the digital economy in the Middle East.
Aqua 1 also intends to support the spread of WLFI in South American, European, and Asian markets, alongside the development of the BlockRock platform for tokenizing real assets and integrating them into the Web 3 ecosystem.
