NEW YORK, Feb 11 (Reuters) – World Liberty Financial (WLF), the new crypto platform in which former President Donald Trump has a financial stake, has revealed a strategic token reserve designed to support Bitcoin, Ethereum, and other cryptocurrencies. The company stated its aim is to “reshape global finance.”
In a statement posted on X (formerly Twitter) on Tuesday, WLF said the new token reserve would help mitigate market volatility. This will also allow WLF to invest in innovative projects in decentralized finance and develop a well-capitalized reserve. The company also announced it would seek partnerships with financial institutions to contribute tokenized assets to the WLF reserve.
WLF did not respond to requests for comment, nor did the White House or the Trump Organization.
The announcement comes as the Trump family and associated businesses are increasingly exploring opportunities in the world of cryptocurrency. Their holdings include a majority stake in Trump Media & Technology Group (DJT.O), a social-media-and-streaming company that recently shifted into financial services tied to crypto. Before leaving office, the former president launched his $Trump meme coin.
Millions of dollars have flowed into entities connected to the president’s new suite of crypto companies, including $100 million in fees from the meme coin alone. WLF has already seen token sales of $500 million, according to Reuters’ calculations.
World Liberty Financial launched two months prior to the U.S. presidential election. Trump and his affiliates own a 60% stake in its holding company and are entitled to 75% of revenues and 22.5 billion tokens, as stated on the company’s website.
This news follows Donald Trump Jr.’s surprise appearance at the Ondo Summit in New York City, billed as Wall Street 2.0. At the summit, Trump Jr. and company founders spoke to attendees, mostly from traditional finance, about WLF’s goals. They stated that WLF intended to bridge the gap between the world of crypto and mainstream retail investors such as teachers, firemen, and dentists.
Donald Trump Jr. emphasized the need for a regulatory framework that would allow “crypto to flourish.” He also called crypto the “future of finance” and the “future of American hegemony.”
