Market manufacturer and investment company DWF Labs bought $ 25 million in WLFI tokens in a “strategic private transaction” with World Liberty Financial, the cryptographic project supported by US President Donald Trump and his family.
WLFI is the native token of World Liberty Financial Financial, a decentralized financing platform based in Ethereum which aims to provide loan and crypto loan services. DEFI is a Catchall term that includes the wide range of financial applications that use cryptocurrencies and operate without centralized intermediaries.
DWF Labs, based in Dubai, said that he had bought the tokens as he developed in New York. The company added that it planned to provide liquidity to the new stablecoin of World Liberty Financial, USD1.
Decipher last month reported This World Liberty Financial had launched USD1.
“The purchase by DWF Labs of WLF tokens underlines its desire to participate in the governance of WLFI and to focus on projects that meet the financial needs of the real world, as evidenced by the growing demand for institutional stablecoins like USD1,” said DWF Labs.
The co-founder of World Liberty Financial, Zak Folkman, added in a press release: “We believe that the crypto will transform and improve global finance, and Stablecoins as USD1 will continue to be fundamental elements in the DEFI technology stack.”
President Trump campaigned to help the cryptography industry and was strongly involved in a number of digital asset companies.
Before its inauguration, Trump launched his own piece of memes Solana, official Trump. And in office, he signed an executive decree establishing a Bitcoin strategic reserve – making one of his campaign promises – and became the first president to sign a bill linked to cryptography.
Trump’s family was involved in their various digital asset efforts, Eric Trump initially announcing the launch of World Liberty Financial. The criticisms hammered the president for having allegedly used his position to benefit personally from his crypto initiatives, in particular Senator Elizabeth Warren and the representative Maxine Waters.
DWF made the headlines last year after the company licensee One of her partners that a woman accused of having knocked her drink to try to drug her.
Edited by James Rubin
Daily debriefing Bulletin
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