World Liberty Financial seeks to raise $1.5 billion for WLFI token investment fund

The cryptocurrency project #WorldLibertyFinancial , advised by the family of President Donald Trump, is planning to raise $1.5 billion to establish an investment company, focusing on their own token WLFI.

Unusual strategy

This is an unusual move, as unlike other companies that actively buy widely traded tokens like Bitcoin or Ethereum, #WLFI has not yet been listed on exchanges.

According to Bloomberg, the company conducted two rounds of token sales and raised $550 million, which was then used to purchase a portfolio of other cryptocurrencies worth $219 million, including $ETH , TRX, $LINK , AAVE, and many other tokens. Recently, World Liberty Financial also raised an additional $100 million from a UAE fund.

Position and influence of the Trump family

The involvement of Trump’s sons, Donald Trump Jr. and Eric Trump, on the board of the new company indicates a close connection between the former president's family and this project.

This involvement has drawn mixed reactions, with some criticism regarding conflicts of interest. However, the influence of the Trump family cannot be denied, as it has helped World Liberty Financial secure hundreds of millions of dollars. This new move once again demonstrates the deep interest of family $TRUMP in the cryptocurrency sector and the enormous profit potential they see from it.