Catenaa, Tuesday, April 8, 2025-The Trump family has taken a controlling 60% stake in World Liberty Financial, a decentralized finance (DeFi) platform, through a newly established holding company, WLF Holdco LLC. Co-founders Zak Folkman and Chase Herro have been replaced as controlling parties, according to Reuters.
The move follows World Liberty’s recent $250 million funding round, bringing total capital raised via WLFI token sales to $550 million.
Under the terms of the project, the Trump family is set to receive 75% of net revenues from these token sales. Additionally, once the platform’s crypto lending and personal finance features go live, they will claim 60% of protocol operations revenue.
Approximately 85,000 investors have participated in WLFI token sales, with over half of the funds coming from purchases of $1 million or more. Tron founder Justin Sun notably invested $75 million.
World Liberty’s treasury, once holding $360 million in crypto assets, sold off 90% of its tokens but has since begun repurchasing assets. The platform is planning to launch a lending market and a USD1 stablecoin on Ethereum and Binance Smart Chain.
Ethereum co-founder Vitalik Buterin and others have expressed concerns over the potential for political figures to use token sales for financial influence.
