Quick take:
- The Web3 investment company opened an office in New York as part of its global expansion strategy.
- The new office will be used to strengthen institutional partnerships with banks, asset managers, and fintech firms exploring blockchain integration.
- DWF Labs plans to hire local talent across trading, compliance, and business development for the office.
DWF Labs has announced a $25 million investment in Trump Family-backed World Liberty. The market maker and Web3 investment company purchased $25 million of World Libert Financial’s governance token (WLFI).
As part of the deal, DWF Labs will also provide liquidity for World Liberty Financial protocol’s stablecoin USDI.
The company also opened its office in New York, which it plans to use for its global expansion strategy. According to the press release on its website, DWF Labs will use the office to strengthen institutional partnerships with banks, asset managers, and fintech firms exploring blockchain integration.
It also seeks to enhance regulatory engagement with U.S. policymakers as the push for crypto legislation gathers momentum in the U.S., whilst also advancing educational initiatives with American colleges and universities.
The company plans to hire local talent across trading, compliance, and business development for the office.
Commenting on the announcement, Andrei Grachev, Managing Partner of DWF Labs, said: Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption. Moreover, the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services.”
Zak Folkman, co-founder at World Liberty Financial, commented: “We believe that crypto is going to transform and improve global finance, and stablecoins like USD1 will continue to be fundamental elements in the DeFi technology stack. As our partner, we expect DWF Labs to help accelerate the next-generation infrastructure we’re actively building and deploying at WLFI.”
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