A crypto firm connected to former U.S. President Donald Trump plans to raise $1.5 billion to develop its tokens and digital finance projects.
Fundraising Goals
The funds will be used to strengthen its WLFI token holdings and expand the company's digital finance footprint. Currently, the fundraising structure is under discussion, and talks with high-profile investors from the tech and crypto sectors are already underway.
WLFI Token Development Plans
The WLFI token, initially introduced as a governance token, is now being prepared for open-market trading. The company has previously unveiled a dollar-pegged stablecoin, USD1, and hinted at a crypto lending platform.
Changes in the Crypto Industry
These initiatives come amid the rise of 'crypto treasuries' — publicly traded firms that raise capital to acquire digital assets. Concurrently, the industry is striving to tokenize traditional stocks, allowing investors to trade shares like Apple and Tesla on blockchain platforms around the clock.
If World Liberty Financial's plans succeed, the company will hold a pivotal position at the intersection of two major shifts in financial markets: the rise of large-scale crypto treasuries and the battle over tokenized equity trading.
