Wu said that ALT5 Sigma announced the completion of a $1.5 billion registered direct offering and concurrent private placement, led by World Liberty Financial, and will implement the $WLFI treasury strategy, holding approximately 7.5% of the total supply of $WLFI tokens. After the transaction is completed, World Liberty Financial co-founder and CEO Zach Witkoff will serve as the chairman of the ALT5 board, Eric Trump will serve as a director, co-founder and COO Zak Folkman will act as a board observer, and Matt Morgan will serve as chief investment officer. Kraken will act as the asset manager, with participating investors including several large global institutional investors and well-known crypto VCs.