An organization primarily based in the United Arab Emirates (UAE) has bought $100 million price of WLFI, the governance token of World Liberty Monetary, a cryptocurrency platform tied to U.S. President Donald Trump and his household.
Key Takeaways:
- A UAE agency has invested $100 million in WLFI, surpassing Justin Solar as the biggest holder.
- The deal goals to spice up WLFI’s efforts in tokenizing real-world belongings and increasing stablecoin use.
- Trump household ties to WLFI proceed to attract political scrutiny amid rising considerations over overseas affect.
In a joint announcement on Thursday, World Liberty Monetary and the Aqua1 Basis described the deal as a strategic transfer to speed up the event of a blockchain ecosystem centered on real-world asset (RWA) tokenization, stablecoin infrastructure, and decentralized finance.
UAE Firm Aqua1 Turns into Largest WLFI Holder, Overtakes Justin Solar
The announcement positions Aqua1, a self-described Web3-native fund, as a significant WLFI stakeholder, surpassing Tron founder Justin Solar, who committed $30 million to the mission final November.
“Aqua1 and WLFI will work collectively to establish and help blockchain tasks with transformative potential,” mentioned Dave Lee, founding companion at Aqua1.
He emphasised WLFI’s imaginative and prescient for integrating conventional finance with blockchain protocols, calling it “a trillion-dollar pivot alternative.”
The funding marks one other high-profile hyperlink between the Trump household and worldwide crypto dealings.
World Liberty Monetary, co-founded by President Trump’s three sons, has already drawn scrutiny from lawmakers.
President Trump disclosed $57.4 million in revenue tied to WLFI and holds 15.75 billion of the platform’s governance tokens, in response to latest filings.
Again in Could, Eric Trump sparked criticism when he revealed that Abu Dhabi-based MGX deliberate to make use of WLFI’s USD1 stablecoin to settle a $2 billion funding in Binance.
That announcement got here simply as U.S. lawmakers ramped up discussions on new guidelines governing fee stablecoins.
The overlap between legislative developments and the Trump household’s crypto enterprise has raised purple flags amongst some members of Congress.
Throughout a Senate Appropriations Committee listening to this week, U.S. Legal professional Basic Pam Bondi declined to remark straight when pressed by Senator Jeff Merkley on the president’s involvement with World Liberty Financial.
Merkley warned in opposition to overseas affect in American policymaking. “I feel it’s essential for the chief of the Justice Division of america to be very involved about overseas affect,” he mentioned.
“Individuals ought to make American choices — not have them purchased by way of crypto cash.”
Trump Continues to Capitalize on Crypto Market Momentum
In the meantime, Donald Trump continues to capitalize on crypto market momentum.
In line with monetary disclosures launched final Friday, the previous president pulled in $58 million from crypto ventures in 2024, primarily by way of WLFI token gross sales.
That whole trailed solely his hospitality revenue and is anticipated to climb additional in 2025 with an anticipated $390 million token sale and good points from his meme coin, launched in January.
His involvement in Bitcoin mining, tokenized belongings, and digital ETFs is elevating considerations about potential conflicts of curiosity.
Critics have identified that a few of his companies have seen tailwinds from favorable coverage choices throughout his time in workplace.
As reported, the SEC has approved Trump Media and Technology Group’s (TMTG) registration assertion tied to a $2.3 billion Bitcoin treasury initiative.
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