World Liberty Financial (WLFI) Launches Token Reserve, Seeks TradFi Help In Investing in Crypto
The protocol has already accumulated tokens of various networks.
Updated Feb 12, 2025, 12:19 p.m. UTCPublished Feb 12, 2025, 11:27 a.m. UTC
What to know:
- The firm said it will try to bring tokenized assets from TradFi firms into its reserve.
- The reserve will try to boost ecosystems, with a focus on DeFi.
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 engage with traditional finance firms to invest their tokenized assets into the reserve.
The protocol did not disclose any details on which tokens the reserve would invest in, but did say it will have a particular focus on DeFi.
Last week, World Liberty Financial co-founder Chase Herro said 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.
