• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

World Liberty Financial Seeks $1.5 Billion for WLFI Nasdaq Listing

user avatar

by Giorgi Kostiuk

2 hours ago

World Liberty Financial, backed by the Trump family, is working on plans to raise $1.5 billion for its Nasdaq listing, utilizing its WLFI tokens.

Plans of World Liberty Financial

World Liberty Financial, associated with the Trump family, seeks to raise $1.5 billion to list on Nasdaq, aiming to establish a treasury company that will hold its native WLFI tokens and emulate MicroStrategy's public crypto treasury model.

Structure and Management

The company was co-founded by Donald Trump, with management led by his sons, reflecting direct Trump family involvement. Justin Sun, a prominent crypto entrepreneur, is also an investor, and the family reportedly holds a 60% stake in the firm.

Impact on the Cryptocurrency Market

The potential listing of WLFI on Nasdaq could have a significant impact on the cryptocurrency market, emphasizing large-scale institutional investment. "We are eager to replicate the MicroStrategy model of a public crypto treasury, ensuring rapid institutional involvement and regulatory support," said Eric Trump, Executive at World Liberty Financial.

World Liberty Financial's efforts may enhance the institutional legitimacy of WLFI tokens and aid in integrating cryptocurrencies into traditional financial systems, despite potential regulatory challenges.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Attracting $222 Million to U.S. Spot Ethereum ETFs

chest

Spot Ethereum ETFs attracted $222 million in the U.S., reflecting growing interest from both institutional and retail investors.

user avatarGiorgi Kostiuk

Ripple Co-founder Chris Larsen Sells $26 Million in XRP: Potential Market Corrections Ahead

chest

Ripple co-founder Chris Larsen sold $26 million in XRP, raising questions about potential market corrections.

user avatarGiorgi Kostiuk

Immersive Translator Temporarily Disables Page Sharing Due to Data Leaks

chest

Immersive Translator has paused its webpage sharing feature due to privacy concerns and data leakage issues.

user avatarGiorgi Kostiuk

XRP on the Rise: A Look into Cryptocurrency Market Trends

chest

XRP has surged over 12%, overtaking Uber's market cap. The growing interest in PEPE and MAGACOIN FINANCE highlights market developments.

user avatarGiorgi Kostiuk

Federal Reserve Vice Chair Highlights Need for Rate Cuts Amid Labor Market Uncertainties

chest

Federal Reserve Vice Chair Michelle Bowman noted that recent job data strengthens her view on the need for three rate cuts this year.

user avatarGiorgi Kostiuk

Wenzhou Court Conducts First Legal Crypto Asset Liquidation in China

chest

Wenzhou Court successfully liquidated seized cryptocurrencies, creating a new precedent for digital asset handling in China.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.