A company entity linked to President Donald Trump and his family discreetly reduced his equity participation in the decentralized financing platform (DEFI) World Liberty Financial (WLFI).
The company affiliated with Trump, DT Marks DEFI LLC, previously held a 60% stake in World Liberty.
The small print on the platform website now indicate that DT Marks holds approximately 40% of equity interest in WLF Holdco LLC, which holds the only participation in World Liberty Financial. Forbes first pointed out the change.
World Liberty notes that WLF Holdco holds all income rights in the Net Protocol of the DEFI platform, with the exception of the net product for the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director or employee of WLF Holdco LLC or World Liberty Financial”.
The reduction in the workforce of Trump’s participation materializes because it would have pocketed tens of millions of dollars in world freedom income.
A recent New York Post report, quoting files published by the Government Ethics Office, indicates that Trump’s participation in WLFI has collected just over $ 57.3 million, one of its largest sources of income in the past year.
World Liberty launched the Stablecoin USD1, which is designed to keep a 1: 1 ankle in the US dollar in March.
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