Trump’s World Liberty Financial Crypto Project Says It Sold $550 Million in Tokens

World Liberty Financial, a venture backed by the Trump family and described as a crypto banking platform, announced on Monday that it had completed its second token sale, raising an additional $250 million.

This brings the total amount raised through token sales to $550 million, a substantial achievement highlighting investor confidence in the project.

World Liberty Financial Raise $250 Million

Launched in October 2024, weeks before President Trump’s re-election victory, WLFI’s initial offering generated $300 million. The recent sale involved over 85,000 participants who underwent Know Your Customer (KYC) verification.

Co-founder Zach Witkoff, son of billionaire U.S. envoy Steve Witkoff, stated that this milestone signifies WLFI’s progress towards “supercharging DeFi,” or decentralized finance. The company aims to revolutionize global finance through its innovative platform.

WLFI’s successful token sales coincided with President Trump’s friendlier policies on cryptocurrency. Earlier this month, he signed an order to create a Strategic Bitcoin Reserve, showing a big change in how the government sees digital money.

This, along with the SEC saying meme tokens aren’t securities – after President and First Lady Trump launched their memecoins – makes things easier for projects like WLFI.

Making WLFI even more interesting is the involvement of big names in cryptocurrency. In January, Justin Sun, who started the Tron blockchain, spent $75 million on more WLFI tokens while he was dealing with a lawsuit from the SEC.

Simultaneously, David Sacks, the Trump administration’s AI and crypto czar, divested over $200 million worth of digital asset-related investments before assuming his role, aiming to avoid the appearance of a conflict of interest.

WLFI’s Strategy Beyond Token Sales

WLFI’s plan goes beyond selling tokens. It’s teamed up with big names in the blockchain world, such as Ondo Finance, Ethena, Chainlink, Sui, and Aave. These partnerships help WLFI build its platform faster, making finance easier for more people.

Additionally, WLFI keeps a mix of digital money, such as Bitcoin, Ethereum, Tron, Chainlink, Sui, and Ondo tokens. This helps the company stay strong and gives it money to fund new projects and grow its part of the DeFi world.

WLFI’s initial plan said the Trump family could get 75% of the platform’s profits. What this means in the long term is still unknown, but the money raised from selling tokens shows investors believe in WLFI and the market.

WLFI noted it is working to make finance fairer through partnerships, new technology, and a strong community. Nonetheless, WLFI’s future and its place in decentralized finance are still being written.