World Liberty Financial, the DeFi project part-owned by US President Donald Trump, has announced plans to enable transfers of its WLFI token.
In a June 25 post on X, the team stated:
“You asked to make WLFI transferable — we heard you. The team is working behind the scenes to make it happen.”
The team failed to provide further information about the timeline for this development.
WLFI is the core governance token for World Liberty Financial. It is designed to give holders voting rights over protocol upgrades and help steer the direction of the platform.
Until now, investors who acquired WLFI earlier this year have been unable to trade the asset, raising concerns about transparency and liquidity. The tokens are currently non-transferable between wallets, with the smart contract enforcing a restriction and indefinitely locking all tokens in wallets or smart contracts.
Despite the restrictions, select platforms like LBank have begun offering WLFI in a pre-market environment. At press time, the token is trading around $1, with daily trading volume nearing $5 million, according to LBank’s data.
Rising institutional interest
The decision to make WLFI transferable comes as the DeFi project’s ecosystem is experiencing significant improvements.
During a recent industry gathering, Zak Folkman, a co-founder of World Liberty Financial, reportedly revealed that the project is developing a mobile app to improve retail users’ accessibility to crypto tools.
While full details have not been released, the app is expected to simplify entry into DeFi for newcomers.
Meanwhile, he also revealed that multiple public companies are exploring adding WLFI to their crypto holdings.
According to Folkman:
“There has been a lot of interest from several public vehicles who want to use WLFI to be held in their treasuries as well.”
This trend mirrors a broader shift in traditional finance, where firms increasingly engage with crypto, especially under the current administration’s pro-crypto stance.
USD1 prospects
At the same time, Folkman revealed that the firm is also conducting an independent audit of its USD1 stablecoin.
Notably, the DeFi project executive believes the dollar-pegged asset has strong market potential and could replace Tether as the largest stablecoin by market cap.
According to data from CryptoSlate, USD1’s current circulating supply is estimated at $2.2 billion. Earlier this month, USD1 was distributed via an airdrop to WLFI holders as part of a community incentive and to test on-chain distribution mechanics.
The post World Liberty Financial readying to enable WLFI token transfers amid institutional interest appeared first on CryptoSlate.
