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A crypto fund called the Aqua 1 Foundation, located in the United Arab Emirates, has invested in WLFI tokens to the tune of 100 million dollars. World Liberty Financial is a decentralised finance (DeFi) platform backed by President Donald Trump; the native governance token created in that context is WLFI. The two entities declared through a joint statement on Thursday that this investment would help establish a blockchain-driven financial ecosystem.
World Liberty Financial referred to the partnership as a move to establish a bridge between conventional money and blockchain innovation. As announced, the platform will provide an institutional standard marketplace where the connection between legacy financial systems and decentralised infrastructure will be created. The holders of the WLFI tokens will also be given the right to govern the platform and get involved in the decision-making process.
World Liberty Financial operates on the Ethereum blockchain and is aimed at offering DeFi services, crypto lending, and borrowing. The platform will provide an opportunity to reward the users of your platform who utilise its features, although the complete technical details are still limited. WLFI tokens are now available only to accredited investors. Nevertheless, World Liberty also distributes a stablecoin, USD1, which is listed on the most popular cryptocurrency exchanges.
The project has recently received more attention as it is connected to top political officials. Legislators have questioned the character of its financing and management. Approximately USD1 was implemented to pay for a transaction valued at USD2 billion between Binance and an Abu Dhabi-based sovereign wealth fund, MGX.
World Liberty Financial is related to the Trump and Witkoff families. The platform was launched by Eric Trump and is run by DeFi developers Chase Herro and Zak Folkman. The project is also connected to the current administration members, such as Steve Witkoff, one of President Trump's close associates, who is the guy charged with the president's responsibility as a special envoy to the Middle East.
Senator Richard Blumenthal investigated the platform's operations in May due to possible conflicts of interest. President Trump has been found to have earned $57.3 million in the sales of the WLFI tokens. In June, a Trump enterprise called DT Marks DEFI LLC slashed its stake in World Liberty Financial to approximately 40% to 60%. This project is still under investor interest and regulatory scrutiny.
