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24h Vol
13105
Cryptocurrencies
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Bitcoin Share
CoinDesk 2025-02-12 11:27:37

Trump-Family Backed World Liberty Financial Starts Token Reserve for Crypto Investment

Trump-Family Backed World Liberty Financial Starts Token Reserve for Crypto Investment

The Trump-family backed World Liberty Financial launched its token reserve to back various crypto ecosystems, the decentralized finance (DeFi) protocol said in an X post on Wednesday. World Liberty said it will diversify its token holdings and also engage with traditional finance firms to invest their tokenized assets into the reserve. The protocol did not disclose any specific details on which tokens the reserve would invest in, but it did say that it will a particular focus on DeFi. Last week, World Liberty Financial's co-founder Chase Herro said that the protocol will start a "strategic reserve" of crypto assets. It has already accumulated various tokens, including TRON's TRX, USDC, Ether (ETH) and staked ETH, as well as MOVE and ONDO tokens, according to data from Arkham Intelligence .

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