With its disclosure of a new strategic reserve, World Liberty Financial (WLF), a decentralized financing company closely associated with the Trump family, generates undulations on the cryptography market.
The information surfaced at the Ondo summit published in New York, where government authorities and business leaders met to approach the Digital Bank management.
The digital asset portfolio reaches almost half a million in Ondo
In recent months, the DEFI initiative has silently accumulated more cryptocurrencies. In particular, WLF bought $ 470,000 in Ondo tokens – the native currency of finance Ondo.
Their purchasing frenzy did not end there; They diversified their portfolio with investments in large cryptocurrencies, in particular Ethereum, Bitcoin wrapped, Trx, Aave and Link of Chainlink.
Trump Jr. takes the scene with a daring cryptographic vision
Unexpectedly seven at the Ondo summit to generate buzz, Donald Trump Jr. spoke fervently about how cryptocurrencies can affect American economic power.
Given the recent executive action of his father to investigate the prospect of a stock of national digital assets, his presence at the event was a lot of weight.
President Donald Trump’s DEFI project, World Liberty Financial, plans to create a “strategic reserve” with tokens purchased
– Bloomberg Crypto (@Cryptto) February 6, 2025
“I think it may be the future of American hegemony, in terms of economic status, of our economic power,” Trump Jr. told an audience of industry leaders.
The regulatory landscape changes as key players weigh
The summit has gathered an exceptional range of regulatory heavyweights, including the interim president of the CFTC Caroline Pham and the president of the Patrick Mchenry Chamber of Financial Services.
While William Hinman by Andreessen Horowitz presented a more realistic vision of the speed of regulatory evolution, the former president of the CFTC, J. Christopher Giancarlo, offered opinions on the strategy of the current administration.
Their presence underlined how conventional finance, government regulations and the cryptographic sector intersect more and more.
As of today, the market cap of cryptocurrencies stood at $3.12 trillion. Chart: TradingView
Market variability stimulates significant investments
WLF has made significant purchases in response to the recent market volatility caused by the temporary implementation of US President Donald Trump on Mexico and Canada.
The company has probably spent tens of millions on ether after a drop in weekend prices. Although World Liberty Financial refers to itself as a DEFI loan platform, it has not yet started its main operations and rather focuses on the growth of its cryptocurrency portfolio.
Just in: World Liberty Financial to launch a strategic reserve while Trump Jr. supports the crypto
– John Morgan (@johnmorganfl) February 7, 2025
With the participation of the Trump family, this approach stimulated the debates on the conflicts of possible interests while the government develops crypto rules.
The developments coincide with the announcement by Ondo Finance of the intentions of introducing the ONDO channel, a specific blockchain designed for tokenized assets as well as the WLF strategic reserve declaration, this project highlights a period of possibly revolutionary in the field of finance digital.
However, the co-founder Chase Herro has kept a mysterious posture and said: “We are fans of large manufacturers”, which has thus increased more speculation on the real use of WLF bitcoin.
Star image of Gemini Imagen, tradingView graphic
