Trump-Backed World Liberty Financial Targets $1.5 Billion Fundraising
World Liberty Financial, a cryptocurrency venture backed by US President Donald Trump’s family, is in talks with potential investors to raise $1.5 billion, Bloomberg News reported on Friday. The fundraising would establish a public company to hold the platform’s WLFI tokens.
Fundraising Plans Still Taking Shape
According to the report, the structure of the deal has not yet been finalised. Sources familiar with the matter said major investors from the crypto and technology sectors had been approached.
Reuters was unable to independently verify the Bloomberg report. World Liberty Financial declined to comment when contacted.
Trump Family’s Crypto Earnings
World Liberty describes itself as a “decentralised platform” and lists Donald Trump and his sons as co-founders on its website. According to Reuters’ calculations, the venture has generated $500 million for the Trump family since its launch.
The WLFI tokens issued by the platform are not classified as securities by the US Securities and Exchange Commission. As a result, they are not subject to the same regulatory scrutiny as traditional investments such as stocks.
with inputs from Reuters
