Former President and current Republican candidate Donald Trump's latest crypto venture, World Liberty Financial, is launching on Monday.
Former President and current Republican candidate Donald Trump's latest crypto venture, World Liberty Financial, is launching on Monday. Operating as a DeFi protocol on Ethereum's blockchain, the platform intends to facilitate cryptocurrency borrowings and lendings.
Early this week, potential users were allowed to connect their crypto wallets to the site and initiate the know-your-customer verification process. The service is only available to accredited investors based in the U.S. for now.
According to the SEC, an accredited investor must have a minimum net worth of $1 million, excluding the value of the person's primary residence, or possess an annual income of at least $200,000 individually, or $300,000 with a spouse, over the previous two years and with the expectation to attain the same level in the current year.
The project-leading team said it eventually wants to include all Americans. "We envision a future in which all Americans can make use of this venue and have equal access to tools and opportunities that, for too long, have been denied them," they recently wrote on social media.
Trump changed his once anti-cryptocurrency views to a pro-digital asset candidate for the upcoming November election. The former president said on X, formerly known as Twitter, that the project will "help make America the crypto capital of the world" and confirmed the whitelist for eligible participants was now open.
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