Trump-Backed World Liberty Financial Raises $550 Million in Public Token Sale
World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by former U.S. President Donald Trump, has successfully completed its latest public token sale, raising $550 million. This brings the project's total funding to $590 million, including private investment rounds, according to data from ICO Drops.
The recent token sale accounted for 25% of WLFI’s total 100 billion token supply. According to WLFI co-founder Zak Folkman, 63% of the overall supply is designated for public sale, suggesting that additional fundraising rounds may follow.
WLFI initially launched its public token sale in October 2024, offering 20 billion tokens at $0.015 each to whitelisted investors. Early demand for the project's native token was tepid, but interest surged after the launch of memecoins associated with Trump and former First Lady Melania Trump.
Following the initial sale, which concluded in January and raised $300 million, WLFI opened another 5 billion tokens for purchase at a higher price of $0.05 per token. This second phase, completed on Friday, generated an additional $250 million.
The project has attracted investment from notable figures in the crypto industry. In November, Tron founder Justin Sun announced a $30 million investment from Tron, which subsequently led to his appointment as an advisor to WLFI. In January, the investment platform Web3Port also contributed $10 million to the project.
WLFI was launched in September 2024 with a focus on decentralized finance and dollar-pegged stablecoins. According to its white paper, the project aims to support U.S. dollar-based stablecoins and DeFi applications while ensuring that the U.S. dollar remains the global reserve currency without compromising the decentralized nature of digital assets.
The WLFI token grants holders governance rights, including the ability to propose changes to the project. However, the token does not provide financial interest in any entity, and transfers are restricted for the first 12 months post-launch.
While the project’s website lists Donald Trump as its "chief crypto advocate" and includes his sons—Eric Trump, Donald Trump Jr., and Barron Trump—as members, the white paper clarifies that no Trump family members are involved in the ownership or management of WLFI.