The post Trump’s World Liberty Financial Raises $550M, Trump and Partners To Receive $390M appeared first on Coinpedia Fintech News
World Liberty Financial, the crypto project backed by President Donald Trump, has raised a total of $550 million in gross proceeds from its second round of token sales. The sales took place in both U.S. and non-U.S. markets.
The first round, launched on October 15, 2024, raised $300 million, while the second round brought in $250 million according to a press release. Over 85,000 participants completed the Know Your Customer (KYC) process to be eligible for the token sales.
Trump and Partners To Receive 75% Of Net Income
Though Trump isn’t directly involved in World Liberty, he and his partners will get 75% of the project’s net revenue, including from WLFI token sales. After $30 million for expenses, Trump and his partners will earn $390 million for promoting the project and letting it use his name and image.
The first token sale started in mid-October and was open to both U.S. and international investors. While the details of the DeFi project are still secret, it’s been buying millions of dollars in cryptocurrencies like Ether and Tron. Justin Sun, the creator of Tron, is also an investor.
“This milestone proves that those who truly understand crypto and finance recognize what we’re building, and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years,” remarked Zach Witkoff, WLFI’s co-founder.
He also shared that the token sales are just the beginning and they are gearing up to launch a wave of disruptive technology that will redefine the boundaries of what’s possible with digital assets.
Notably, in the past six months, WLFI has formed strategic partnerships with top blockchain protocols and institutions like Ondo Finance, Ethena, Chainlink, Sui, and Aave. These collaborations are setting WLFI up to quickly build and launch its upcoming platform, designed to make finance more accessible to millions.
WLFI Builds Strong Digital Asset Reserve
WLFI’s “Macro Strategy” has built a strong digital asset reserve, including BTC, ETH, TRX, LINK, SUI, and ONDO tokens. This reserve helps support leading crypto projects, adds stability to WLFI’s treasury, and allows for future investment in new opportunities. The strategy will also help fund innovative projects, boost ecosystem growth, and create new possibilities in the fast-growing DeFi space.
WLFI emphasized that it remains committed to advancing its mission to create a more inclusive financial future, backed by strategic partnerships, innovative technologies and a dedicated community.
