Bloomberg: World Liberty Financial plans to raise $1.5 billion to establish a public company and hold its WLFI token

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Bloomberg: World Liberty Financial plans to raise $1.5 billion to establish a public company and hold its WLFI token

3 hours ago

According to Odaily Planet Daily, World Liberty Financial, backed by the Trump family, plans to establish a publicly traded company to hold its WLFI token, aiming to raise approximately $1.5 billion. The transaction structure is still being finalized, and the company has approached major investors in the tech and crypto sectors. The company, which announced last year that it would launch a crypto lending app, has already issued the USD1 stablecoin and raised funds through the sale of WLFI, initially a non-transferable governance token, which is expected to be publicly traded. (Bloomberg)

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