DWF Labs Invests $25 Million in Trump-Backed World Liberty Financial
DWF Labs is investing $25 million in World Liberty Financial (WLFI), a decentralized finance protocol linked to U.S. President Donald Trump. The investment includes a governance stake and supports WLFI's upcoming stablecoin, USD1, backed by short-term U.S. Treasury bills.
Key points:
- DWF Labs opens a new office in New York City as part of its U.S. market expansion.
- The firm aims to collaborate with traditional financial institutions and engage with regulators.
- DWF plans to enhance cryptocurrency education at American colleges and universities.
- DWF will provide liquidity for the USD1 ecosystem using its trading infrastructure.
- WLFI positions USD1 as an institutional-grade stablecoin for sovereign investors and major institutions.
Zak Folkman from WLFI anticipates that DWF’s involvement will accelerate infrastructure development. DWF Labs Managing Partner Andrei Grachev noted the significance of the U.S. as a growth area for institutional crypto adoption.