Brief
- A fund based on water called the Aqua 1 Foundation bought $ 100 million in Financial World Liberty tokens.
- WLFI is the native token of the World Liberty Financial project supported by President Trump.
- World Liberty Financial is a decentralized financing platform based on Ethereum.
The cryptographic project supported by President Trump, World Liberty Financial, has a new investor – which has just taken $ 100 million of WLFI tokens.
In a joint declaration with World Liberty Financial published Thursday, the Crypto Fund Fund Aqua 1 based in the United Arab Emirates said that it had bought the large sum of WLFI tokens “to help accelerate the creation of a financial ecosystem powered by blockchain”.
He added that the purchase helped to merge the worlds of traditional finance and decentralized finance.
“Together, WLFI and Aqua 1 build the final bridge between inherited systems and blockchain innovation – a market of institutional quality offering unequaled access to traditional assets”, indicates the joint declaration.
Decipher Contacted the WLF and Aqua 1 for comments, but did not immediately receive any response from one or the other of the parties.
WLFI is the indigenous governance token for world freedom. In the crypto and decentralized financial space, holders of a governance token can vote to modify the way the project is managed.
Only accredited investors can buy WLFI tokens at the moment, but the project also has a stable,, USD1which is available on major cryptography exchanges. World Liberty Financial A drawn by a meticulous examination recently on the use of USD1 to set a $ 2 billion in investment from the sovereign heritage fund based in Abu Dhabi MGX In the main crypto exchange.
Details on Ethereum-The World Liberty Financial platform has so far been vague, but those behind the project have declared that it would be a Decentralized finance– or DEFI – Obtaining and loan platform where users will be able to earn rewards with their crypto.
DEFI projects are experimental applications that generally work to do things that banks do, but in a faster, more efficient and decentralized way without the intermediaries involved.
The freedom of the world was first teased By the son of President Trump, Eric, last year and was led by Defi Builders Chase Herro and Zak Folkman, as well as the Trump family and the Witkoff family.
The Witkoffs are close to the Trumps and Steve Witkoff – a longtime golf boyfriend by President Trump – now works as a white house special in the Middle East.
Legislators – in particular Democrats – have raised concerns about conflicts of interest with the project, especially since the Trump family has made millions of tokens. President Trump recently a windfall of $ 57.3 million revealed From the sale of project tokens.
In May, senator Richard Blumenthal (D-CT) began a investigation in global financial freedom and its links with the president.
A commercial entity linked to President Trump and his family, DT Marque Défi LLC, this month cut Its share of ownership in World Liberty Financial from 60% to around 40%.
Edited by Andrew Hayward
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