World Liberty Financial, backed by the Trump family, aims to raise $1.5 billion for a NASDAQ-listed treasury company to manage WLFI tokens and cash reserves amid concerns over crypto market volatility.
World Liberty Financial is seeking $1.5 billion to launch a NASDAQ-listed treasury company that will hold its WLFI token and cash reserves. The WLFI token has generated $550 million in sales since launch, and investor materials indicate that Eric Trump and Donald Trump Jr. are expected to join the board. Analysts warn that the treasury company model is highly exposed to crypto market volatility, while campaign finance filings reveal over $26 million in crypto donations linked to Trump.