World Liberty Financial, a company focused on blockchain-based financial services, has come under the control of the Trump family. This change occurred after acquiring a majority share, significantly altering the company's ownership and leadership structure.
Changes in World Liberty Financial's Leadership
According to a recent review of changes on the company's website, in March 2025, two of its founders, Zak Folkman and Chase Herro, were replaced by a new organization in which the Trump family holds a majority stake. This leadership structure was confirmed after DT Marks DeFi LLC acquired a 60% share through the subsidiary WLF Holdco LLC.
Financial Prospects and Ownership Structure
The Trump family now oversees 60% of the company's operating profits and 75% of token sales revenue once the platform is fully operational. They are expected to receive about $400 million from the funds raised. Only 5% of the $550 million raised will be allocated for platform development after the distribution to the founders.
Criticism and Impact of Changes
The new governance structure has raised concerns among critics, who claim the Trump family's political influence creates potential conflicts of interest and restricts opportunities for meaningful financial involvement from external participants. Despite this, Trump continues active involvement in the crypto space: together with Hut 8, Eric and Donald Trump Jr. launched a Bitcoin mining business called American Bitcoin.
The Trump family's acquisition of World Liberty Financial opens up new financial prospects but also raises questions of potential conflicts of interest and corporate governance structures, which could impact the company's future development.
