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Trump's crypto company launches strategic 'token reserve'

By Michelle Conlin

February 12, 20257:33 AM GMT+6Updated 17 hours ago

Illustration shows sparks strike representation of cryptocurrency Bitcoin

Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

Summary

Companies

WLF to seek partnerships with financial institutions

WLF has seen token sales of $500 million, Reuters calculates

Trump and affiliates own 60% stake in WLF holding company

NEW YORK, Feb 11 (Reuters) - World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance."

WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve. It also said it would seek strategic partnerships with financial institutions to contribute tokenized assets to the WLF reserve.