World Liberty Financial in Talks to Raise $1.5 Billion for Crypto Firm
World Liberty Financial is negotiating to raise $1.5 billion from large investors for a public company that will manage its WLFI tokens. Key details include:
- The deal structure is still under discussion.
- The firm has approached investors in technology and crypto.
- Last year, it announced plans for a crypto-lending app.
- It issues USD1, a dollar-backed stablecoin used in MGX’s $2 billion investment in Binance.
- WLFI tokens are expected to become tradable, having initially launched as non-transferable governance assets.
- World Liberty Financial aims to join other cryptocurrency treasury firms issuing debt and equity to acquire various tokens.
- WLFI has a diversified token portfolio.
Recent actions by Donald Trump include signing an executive order allowing 401(k) retirement plans to invest in alternative assets like cryptocurrencies.