World Liberty Financial, the decentralized financing platform with ties to the Trump family, is said to be in conversations with large investors to raise around $ 1.5 billion for a public company that would keep its WLFI tokens.
The trading structure, reports Bloomberg, is still under discussion. The company approached deeply pocketed investors in technology and crypto, says the report, referring to people who are familiar with the case.
Last year, the company outlined plans for a crypto-lending app and is currently issuing USD 1, a dollar stacked stablecoin used to ease MGX’s $ 2 billion investment in Binance. WLFI-tokens, originally launched as non-transferable government assets, are expected to be marketable
The move would see the World Liberty Financial joining a growing number of cryptocurrency ministry, which has issued debt and equity to accumulate millions worth of different tokens. WLFI itself already has a diversified token portfolio.
Trump has adopted several pro-crrypto policies that have just signed an executive order charges 401(k) Retirement plans are investing In alternative assets, including private equity and cryptocurrency.
