World Liberty Financial says it will make WLFI token tradeable in near future

World Liberty Financial said it's working to make its WLFI token transferable as soon as possible, responding to growing demand.

WLFI grants holders voting rights and the ability to propose governance changes to the DeFi project, but holders are currently restricted from transferring the tokens.

Ahead of the news, co-founder Zak Folkman said public firms are showing "a lot of interest" in adding WLFI to their corporate treasuries.

The Trump family-backed project plans to release the first audit of its USD1 stablecoin, which is backed by short-term U.S. Treasurys and cash equivalents.

Meanwhile, United Arab Emirates-based Aqua1, a crypto-focused fund, said Thursday it purchased $100 million worth of WLFI tokens.