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Trumps World Liberty Financial launches strategic token reserve to bolster major crypto assets

Trumps World Liberty Financial launches strategic token reserve to bolster major crypto assets
© Copyright Image: CoinJournal: Home

  • The Macro Strategy will form the backbone of World Liberty Financial
  • With the token reserve, WLFI is hoping to enhance stability, foster growth, and build trust
  • WLFI also indicated that it wants to form partnerships with traditional financial institutions

World Liberty Financial has launched a strategic token reserve designed to boost major cryptocurrencies.

In a post on X, the Donald Trump-backed project said:

World Liberty Financial (WLFI) is proud to unveil the Macro Strategy, our strategic token reserve designed to bolster leading projects like Bitcoin, Ethereum, and other cryptocurrencies that are at the forefront of reshaping global finance.

According to the announcement, the Macro Strategy will serve as the financial backbone of WLFI, allowing the platform to enhance stability, foster growth, and build trust.

World Liberty Financial also said that it would be seeking strategic partnerships with traditional financial institutions to contribute tokenized assets to the reserve.

Making money from crypto

Just last week, WLFI said it wanted to create a token reserve.

Chase Herro, World Liberty Financials co-founder, was speaking at Ondo Finances inaugural summit in New York when he made his comments. However, at the time, he didnt specify what purpose holding a reserve would be for the platform.

The announcement comes at a time when the Trump family are increasing their holdings in the crypto market.

Ahead of Trumps inauguration last month, the US president launched his $TRUMP memecoin, which peaked at around $75. Shortly after, Melania Trump followed with her $MELANIA memecoin.

Trump and his affiliates own a 60% stake in World Liberty Financial, which, at the time of publishing, holds nearly $39 million worth of crypto assets. A majority is held in Tron and USDC, according to Arkham Intelligence data.

The post Trumps World Liberty Financial launches strategic token reserve to bolster major crypto assets appeared first on CoinJournal.

Read more: https://coinjournal.net/news/trumps-world-liberty-financial-launches-strategic-token-reserve-to-bolster-major-crypto-assets/

Text source: CoinJournal: Home

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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