World Liberty Financial (WLFI), a cryptocurrency project supported by Donald Trump, has raised $550 million through two token sales, with the latest round attracting 85,000 global investors.
World Liberty Financial, a crypto initiative backed by former U.S. President Donald Trump, has successfully closed its second token sale, raising 250 million.This brings the project’s total fundraising to 550 million.The latest round saw participation from 85,000 accredited investors across the U.S. and internationally. The WLFI tokens issued are non-transferable and not available for public trading, as they are designed exclusively for governance purposes.
According to the project’s “gold paper,” 75% of the proceeds will go to a company connected to Donald Trump and his family, while the remaining 25% will be allocated to Axiom Management Group, owned by WLFI co-founders Zachary Folkman and Chase Herro.
Zach Witkoff, WLFI co-founder, stated, “This milestone demonstrates that those who understand crypto and finance recognize our vision. WLFI is on track to revolutionize decentralized finance (DeFi) and transform global finance in the coming years. The token sales are just the beginning; we’re preparing to launch disruptive technologies that will redefine the possibilities of digital assets.”
To ensure long-term stability, WLFI has built a strategic reserve of cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), stablecoins USDC and USDT, and Tron’s TRX, founded by Justin Sun.
Sun was an early investor in WLFI, investing $30 million when the project’s token sale initially underperformed. His investment fueled the sale and he was subsequently hired as an advisor to World Liberty Financial. In January, Sun reportedly increased his stake to $75 million, demonstrating his continued confidence in the project’s prospects.
The successful fundraising highlights the growing interest in governance tokens and DeFi projects, particularly those with high-profile backing like Trump’s. WLFI aims to leverage its resources to drive innovation and reshape the global financial landscape.