0.8 C
New York
Wednesday, February 12, 2025
pCloud Premium

Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi



Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi

The US President Donald Trump-backed World Liberty Financial (WLF) has announced the launch of a strategic token reserve. has announced the launch of a strategic token reserve to navigate market volatility while maintaining a crypto-backed fund pool. The firm shared the update on its official X handle on Wednesday, February 12. President Trump, who aims to position the US as a global crypto hub, introduced WLF in September 2024. While the firm’s objectives were initially unclear, its direction is now coming into focus.

“A well-capitalised reserve underscores our commitment to transparency and long-term sustainability, reinforcing confidence among our community and stakeholders. Contributed assets will be held in WLFI’s publicly accessible wallet, providing institutions with transparent exposure to the crypto community,” the WLF said in its post on X.

Five months after its launch, the organisation has offered a glimpse into its plans to bridge the gap between traditional finance (TradFi) and decentralised finance (DeFi). While TradFi includes banks and financial brokers operating under central bank regulations, DeFi enables individuals to access financial services without intermediaries.

Looking ahead, the firm announced that it will allocate funding from its reserves to support promising DeFi projects. Core components of the DeFi ecosystem include decentralised exchanges (DEXs), smart contracts, decentralised applications (dApps), Web3 wallets, liquidity pools, lending protocols, and stablecoins.

Elaborating on its roadmap, the WLF noted, “in alignment with our mission to bridge traditional finance and decentralised finance, we are actively engaging with esteemed financial institutions to contribute tokenised assets to our reserve.”

Through these collaborations, WLF aims to explore innovative marketing strategies that align with the evolving global financial landscape, integrating elements of both TradFi and DeFi.

In the coming days, WLF will publish its ‘Macro Strategy’ on its governance forum, allowing the crypto community to review and provide feedback. While details of the strategy remain undisclosed, the firm has invited individuals and companies aligned with its vision to connect after reviewing the document once it is released.

The WLF was launched during Donald Trump’s election campaign last year. As per the company’s website, President Trump and his affiliates own approximately 60 percent of the equity interests in WLF Holdco LLC. and are entitled to 75 percent of the revenues.

US President Trump’s sons Eric and Donald Jr have been promoting the project promising it will “transform” the world of digital asset finance.



Source link

Odisha Expo
Odisha Expohttps://www.odishaexpo.com
Odisha Expo is one of the Largest News Aggregator of Odisha, Stay Updated about the latest news with Odisha Expo from around the world. Stay hooked for more updates.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
Best Lifetime Deals on SaaSspot_img

Latest Articles

Senate votes to confirm Tulsi Gabbard as top U.S. intelligence official

0
WASHINGTON — The GOP-controlled Senate on Wednesday voted to confirm Tulsi Gabbard to be President Donald Trump’s director of national intelligence, putting the...

‌IND vs ENG | Twitter reacts to Gill’s love affair with Ahmedabad eclipse Rashid’s...

0
Winning their third straight toss in the series, England captain Jos Buttler decided to field first in Ahmedabad. Mark Wood backed the decision...

Tulsi Gabbard to get confirmation vote; DOGE panel holds hearing

0
More than 170 Democratic lawmakers in the House and the Senate are calling on Treasury Secretary Scott Bessent and White House budget director...

Nottingham Forest’s Elliot Anderson on Champions League & England

0
Nottingham Forest midfielder Elliot Anderson tells Betty Glover about his childhood, England aspirations and answers the all-important question - can Forest make it...

Karrin Taylor Robson launches run for Arizona governor, touting Trump’s backing

0
Republican businesswoman Karrin Taylor Robson announced Wednesday that she is running for governor in Arizona, touting support from President Donald Trump in the...