UAE Fund Invests $100 Million in Trump-Backed DeFi Platform World Liberty Financial
A UAE-based fund has invested $100 million in the decentralized finance platform World Liberty Financial and its token WLFI. This collaboration aims to develop a blockchain financial ecosystem and integrate stablecoins.
Investment Details
- The investment was confirmed by Aqua 1 and World Liberty Financial.
- Aqua 1 becomes a major stakeholder, supported by crypto investor Justin Sun's $75 million stake.
- This is the second UAE investment in World Liberty Financial this year.
Future Plans
- Aqua 1 and World Liberty Financial will work on identifying promising blockchain projects.
- World Liberty Financial will support the Aqua Fund to enhance the digital economy in the Middle East.
- Collaboration includes expanding into South America, Europe, Asia, and emerging markets.
- Development of "BlockRock" to tokenize real-world assets (RWAs).
Upcoming Features
- World Liberty Financial plans to release an audit report for its stablecoin USD1 soon.
- WLFI token may become tradable shortly, following substantial revenue generation from governance tokens.
- The company will launch a new app to simplify cryptocurrency use for investors.
As of now, the official TRUMP memecoin is trading at $8.96, reflecting a 30% drop over the past month.
