DWF Labs invest $ 25 million in the World Liberty Financial (WLFI), the decentralized funding protocol supported by US President Donald Trump and his family.
Crypto Market Maker is also entering the US market with a new office in New York City as part of its wider expansion plans, according to a press release on Wednesday.
By establishing a physical presence in the United States, DWF aims to work closer to traditional financial institutions, expand its local workforce and engage more directly with US regulators.
The company also plans to elaborate on the tape with American colleges and universities to promote training on cryptocurrencies. The WLFI-token purchase gives DWF Labs a management share in the project that includes USD 1, the project’s soon-to-launch stable coin, which is supported by short-term US Treasury bills, cash and equivalents.
DWF Labs said it will provide liquidity to the USD 1 ecosystem using its trade infrastructure to support activity on both centralized and decentralized platforms.
Zak Folkman, co -founder of WLFI, said that DWF’s commitment is expected to speed up “the next generation infrastructure we actively build and implement on WLFI.” DWF Labs -Administrating Partner Andrei Grachev, meanwhile, said the company’s physical presence in the United States reflects its confidence in “The role of America as the next area of growth for institutional crypto uptake.”
WLFI places USD 1 as a stable, institutional quality stablecoin designed to meet the rising demand from “sovereign investors and larger institutions.”