World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by Donald Trump, has successfully concluded its latest public token sale, raising approximately $550 million.
World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by Donald Trump, has successfully concluded its latest public token sale, raising approximately $550 million.
The sale involved 25% of its total supply, amounting to 100 billion tokens. This recent round of funding brings the project's total capital raised to $590 million, which includes prior private rounds.
Co-founder Zak Folkman indicated that 63% of the total token supply is intended for public sale, suggesting the possibility of future offerings. The project initially launched its public sale in October 2024, releasing 20 billion tokens priced at $0.015 each to whitelisted investors. After receiving mixed responses during its initial phase, interest surged following the introduction of meme coins associated with President Donald Trump and Melania Trump.
Following the initial sale completed in January, which raised $300 million, WLFI opened an additional sale of 5 billion tokens at a higher price of $0.05 each, concluding on Friday with a total of $250 million raised.
Notably, Tron founder Justin Sun announced a $30 million investment in the project in November, leading to his appointment as an advisor. Additionally, investment platform Web3Port contributed $10 million in January.
The WLFI project, which began in September 2024, aims to support dollar-pegged stablecoins and promote decentralized finance. According to its white paper, the project emphasizes the importance of maintaining the U.S. dollar’s status as a global reserve currency while preserving the freedoms associated with decentralized assets.
WLFI token holders are granted voting rights and the ability to propose governance changes, although the tokens cannot be transferred within the first 12 months of launch. While Trump is named the "chief crypto advocate," the project clarifies that he and his family members are not involved in its management or ownership.
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