#Trump-Backed World Liberty Financial Announces Remittance Platform


World Liberty Financial has announced plans to launch World Swap, a foreign exchange and remittance platform designed to reduce cross-border money transfer costs. Zak Folkman, co-founder of the Trump family–backed #crypto project, revealed the initiative during the Consensus conference in Hong Kong, according to Reuters.


The platform will connect users directly to debit cards and bank accounts globally, according to Folkman. World Swap aims to settle #foreignexchange remittances at a fraction of the fees charged by traditional financial providers in a market where more than $7 trillion moves between currencies annually.


World Liberty Financial recently launched World Liberty Markets, a #lending platform built to drive adoption of its $USD1 stablecoin. Folkman stated the platform has recorded $320 million in lending activity and more than $200 million borrowed within four weeks of going live.


The expansion into remittances adds another revenue stream to the digital asset venture associated with the Trump family. The company operates around stablecoin and decentralized finance infrastructure, positioning World Swap as a lower-cost alternative to incumbent remittance providers.

image
February 12, 2026 at 7:03 PM
8