Odaily News Trump family has taken control of at least 60% equity in the DeFi project World Liberty Financial through the holding company WLF Holdco LLC, replacing the two co-founders as the controlling party.
World Liberty recently completed its second round of WLFI token sales, raising a total of $550 million, of which the Trump family could receive up to 75% of the net proceeds from the token sales and 60% of the protocol revenue. In the future, a lending market and stablecoin USD1 will be launched. (The Block)
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
The Trump family controls the majority stake in World Liberty through a new holding company.
Odaily News Trump family has taken control of at least 60% equity in the DeFi project World Liberty Financial through the holding company WLF Holdco LLC, replacing the two co-founders as the controlling party. World Liberty recently completed its second round of WLFI token sales, raising a total of $550 million, of which the Trump family could receive up to 75% of the net proceeds from the token sales and 60% of the protocol revenue. In the future, a lending market and stablecoin USD1 will be launched. (The Block)