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A fund based in the United Arab Emirates (Water) announced a significant investment of $ 100 million in the decentralized financial platform (DEFI) supported by Trump World Liberty Financial and its native token WLFI.
The investment was confirmed in a joint declaration by Aqua 1 and World Liberty Financial, highlighting collaboration as a step towards the development of a blockchain financial ecosystem and the integration of stablecoins.
World Liberty Financial Partners with Aqua 1
Zak Folkman, co-founder of World Liberty Financial, expressed his enthusiasm for the partnership, declaring“We are delighted to work hand in hand with the Aqua team 1.”
This investment positions Aqua 1 among the biggest stakeholders in the Cryptocurrency project of the Trump family. It is also reinforced by the support of the Crypto billionaire Justin Sun, who is the best investor of the company with a substantial of $ 75 millione.
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This marks the second investment of a company based in water in World Liberty Financial in a short time; Earlier this year, the MGX of Abu Dhabi used World Liberty Financial’s USD1 stable To facilitate an investment of $ 2 billion in Binance.
David Lee, a founding partner of Aqua 1, said that 1 and the decentralized platform collaborate to “identify and maintain promising blockchain projects”.
World Liberty Financial also plans to support Aqua Fund, an investment vehicle focused on improving the digital economy in the Middle East. In addition, Aqua 1 will help World Liberty Financial to extend its scope in South America, Europe, Asia and emerging markets.
The two companies are also ready to develop “Blockrock”, a platform aimed at Tokensizer active real world (RWAS) to fill traditional investments such as real estate with the web 3 ecosystem.
Launch of the new planned application
In tandem with these initiatives, World Liberty Financial is preparation To publish an audit report of his stablecoin, USD1, in a few days. Folkman, speaking during the conference without authorization in Brooklyn, New York, also mentioned that the WLFI token of the platform could soon become negotiable.
Launched two months before the American presidential election, the WLFI has already generated substantial income for Trump’s family business thanks to the sale of governance tokens. These tokens grant holders of the ability to vote on project changes and influence their strategic orientation.
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Although WLFI is not currently negotiable, Folkman has referred to updates to come that users should monitor in the coming weeks. He also revealed that the company’s foil had received his first certificate reportwhich will be available on the company’s website.
To further facilitate user engagement, Folkman has announced the next launch of a new application designed to simplify the use of cryptocurrencies for everyday investors.
At the time of the press, the official Trump Memecoin is negotiated at $ 8.96, registering a major drop of 30% of the monthly period.
Dall-e star image, tradingView.com graphic
