Quick take:
- Backed by the Trump Family, World Liberty Financial now ranks among the top 10 token raises according to ICODrops.
- The crypto project’s co-founder, Zak Folkman, said the token sale initially faced difficulties because of who it was associated with.
- Tron’s Justin Sun stepped in in November 2024, investing $30 million and later invested more.
World Liberty Financial (WFL) has closed a $590 million token sale ranking the project among the top 10 token raises according to data by ICODrops.
The Trump-backed crypto project initially faced difficulties in the fundraising with VCs staying away “because of who was involved”, co-founder Zak Folkman said at Consensus 2025 in Hong Kong.
However, Tron’s Justin Sun stepped in in November 2024 with a $30 million investment, later bumped up on follow-on investments, which triggered the interest of other investors.
“When we were launching this project, it was a very heated time,” Folkman said, before crediting Sun for seeing the value of the project and its potential impact on the entire crypto community.
According to the report by CoinDesk, the WLFI token was only offered to accredited investors and cannot be transferred or publicly sold on exchanges. There is also no information on when the token will be listed on exchanges.
The WLFI token holders gain equal voting power in governance decisions, ensuring fair platform changes, a statement on the World Liberty Financial reads. The token holders can also propose changes, directly influencing platform development.
The completion of this token sale comes at a time when traditional financial institutions are increasingly becoming more drawn to the crypto space amid a looming clearer regulatory framework spearheaded by the Trump administration.
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