According to Kriptofoni's news, ALT5 Sigma, traded on Nasdaq, has secured $1.5 billion in funding from a group of investors led by World Liberty Financial (WLFI). This development is considered a significant step in the cryptocurrency world. As part of the agreement, Eric Trump has been included in the board of directors of ALT5 Sigma, and Zach Witkoff has been appointed as the Chairman of the Board.
This move indicates an increasing interest in the cryptocurrency space from traditional finance and political circles. Eric Trump's strategic vision and political connections are expected to contribute to ALT5 Sigma's global expansion strategies.
A significant portion of the raised funds will be directed towards a strategy aimed at acquiring approximately 7.5% of the WLFI token supply for direct participation in the WLFI stablecoin ecosystem. This allows the company to actively engage as an investor in the stablecoin ecosystem.
Fund management will be undertaken by Kraken to enhance security and transparency in the sector.
As a result, three major impacts of this development stand out:
The growing interest of mainstream investors in cryptocurrency is likely due to the involvement of prominent figures like Eric Trump in the sector.
The entry of institutional funds could create new balances in the stablecoin competition — potentially competing with major players like USD1, Tether (USDT), and USDC.
The emphasis on trust and transparency could reduce risks at the corporate level and positively contribute to the market.
