World Liberty Financial, a decentralized finance (DeFi) initiative linked to Donald Trump, is evaluating establishing a strategic digital asset reserve.
Co-founder Chase Herro disclosed this initiative during the Ondo Finance Summit in New York. The revelation follows the platform’s recent acquisition of ONDO tokens.
However, Herro did not specify the intended purpose of the reserve. This development aligns with Trump’s recent executive directive, which calls for assessing the feasibility of creating a digital asset stockpile.
Significant Token Acquisitions
World Liberty Financial has ramped up its token purchases, including a $470,000 #ONDO acquisition on the same day as the Ondo Finance Summit. Moreover, the platform recently obtained tens of millions of dollars in Ethereum following a cryptocurrency market downturn linked to temporary U.S. tariff measures on Mexico and Canada.
While World Liberty Financial is branded as a DeFi lending platform, it has yet to launch operational services and remains largely focused on acquiring digital assets.
At the Jazz Lincoln Center venue, Donald Trump Jr. underscored the Trump administration’s dedication to the digital asset industry. He interacted with attendees eager to learn about World Liberty Financial’s direction.
He was introduced by the project’s co-founders, including Zak Folkman and Zach Witkoff. Notably, Witkoff is the son of Steve Witkoff, a longtime Trump associate recently appointed as the administration’s Middle East envoy.
