Latest news with #WorldLiberty
Yahoo
a day ago
- Business
- Yahoo
Trump's World Liberty Gains Another International Crypto Partner
(Bloomberg) -- World Liberty Financial Inc. is entering into a partnership with an arm of Re7 Capital, a decentralized-finance hedge fund based in London that is set to receive up to $10 million in investment from Hong Kong family office VMS Group. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts No financial terms were disclosed. The Trump family affiliated decentralized finance platform plans on launching a USD1 stablecoin vault on Euler and Lista with Re7 Labs, the innovation arm of Re7 Capital, according to a joint statement between World Liberty Financial and Re7. The move is a part of a larger initiative to scale World Liberty's USD1 on Binance's BNB Chain, the decentralized blockchain ecosystem of the world's largest crypto platform. 'This collaboration reflects a shared commitment to building the next generation of DeFi infrastructure—where stability, transparency, and capital efficiency converge,' said Evgeny Gokhberg, founder of Re7 Capital. 'Working alongside World Liberty, Euler, and BNB Chain, we're advancing a model for stablecoin adoption that meets the expectations of both crypto-native and institutional users.' VMS Group, a money manager to some of Hong Kong's richest individuals, is making its first foray into crypto with its investment into Re7 Capital, Bloomberg News reported this week. Re7 has said it uses a market-neutral strategy through which it earns yield by providing liquidity on DeFi exchanges and by lending stablecoins — while using hedging to mitigate price swings. On Thursday, United Arab Emirates based Aqua 1 Foundation said it bought $100 million of World Liberty tokens, the second Middle East-based investor to put money into the platform. The investment will make the little known crypto fund the largest individual investor of the Trump-backed digital asset project, surpassing crypto entrepreneur Justin Sun, who's also an adviser to World Liberty. In May, MGX, a technology investment firm established by Abu Dhabi's sovereign wealth fund, used World Liberty's USD1 stablecoin to facilitate its $2 billion investment in Binance. Last month, the US Securities and Exchange Commission moved to end its legal battle against Binance, the latest sign of the regulator's dramatic shift in how it polices cryptocurrency. The regulator and the exchange's co-founder Changpeng Zhao filed a joint motion to stay the case in the US District Court for the District of Columbia. The move followed a joint request in February to pause the lawsuit for 60 days. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
The Star
a day ago
- Business
- The Star
UAE fund buys $100 million of Trump's World Liberty tokens
FILE PHOTO: Hong Kong-based crypto entrepreneur Justin Sun, World Liberty Financial co-founder Zach Witkoff and Executive Vice President of the Trump Organization Eric Trump attend the TOKEN2049 conference in Dubai, United Arab Emirates, May 1, 2025. REUTERS/Federico Maccioni/File Photo LONDON (Reuters) -A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump's family, becoming its largest publicly known investor. Aqua 1 Foundation said in a statement on Thursday its purchase of the tokens, known as $WLFI, sought to speed up the creation of a "blockchain-powered financial ecosystem" with stablecoins and tokenised traditional assets at its heart. A spokesperson for World Liberty confirmed the investment to Reuters. A so-called governance token, $WLFI cannot be traded but gives holders the right to vote on changes to the business' underlying code. World Liberty said this week it was "working behind the scenes" to make the token transferable. "WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together," Aqua 1 founding partner Dave Lee said in the statement. The fund's investment and compliance teams would help World Liberty expand in South America, Europe and Asia, it added. Despite its investment, Aqua 1 maintains a minimal online presence. Its X account has only three posts and approximately 1,120 followers while its website was created on May 28, according to data from two web domain trackers. World Liberty also plans to support the launch of a separate Aqua 1 fund aimed at boosting the "digital economy transformation" in the Middle East through blockchain and artificial intelligence, the statement said. Aqua 1 did not immediately respond to a request for comment, and the World Liberty spokesperson had no further immediate comment. Launched two months before the 2024 U.S. presidential election by Trump and his business partners, World Liberty has yielded hundreds of millions of dollars in revenue for the Republican president's family business. World Liberty has drawn criticism from Democratic lawmakers and government ethics watchdogs over potential conflicts of interest. The Trump Organization has said the president's investments, assets and business interests are held in a trust managed by his children. World Liberty aims to open access to financial services via digital tokens, without intermediaries such as banks. It has launched a stablecoin called USD1 that was bolstered in May when an Abu Dhabi investment firm chose it for a $2 billion investment in giant crypto exchange Binance. (Reporting by Tom Wilson in London; Editing by Frances Kerry and Louise Heavens)
Zawya
a day ago
- Business
- Zawya
UAE fund buys $100mln of Trump's World Liberty tokens
A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump's family, becoming its largest publicly known investor. Aqua 1 Foundation said in a statement on Thursday its purchase of the tokens, known as $WLFI, sought to speed up the creation of a "blockchain-powered financial ecosystem" with stablecoins and tokenised traditional assets at its heart. A spokesperson for World Liberty confirmed the investment to Reuters. A so-called governance token, $WLFI cannot be traded but gives holders the right to vote on changes to the business' underlying code. World Liberty said this week it was "working behind the scenes" to make the token transferable. "WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together," Aqua 1 founding partner Dave Lee said in the statement. The fund's investment and compliance teams would help World Liberty expand in South America, Europe and Asia, it added. Despite its investment, Aqua 1 maintains a minimal online presence. Its X account has only three posts and approximately 1,120 followers while its website was created on May 28, according to data from two web domain trackers. World Liberty also plans to support the launch of a separate Aqua 1 fund aimed at boosting the "digital economy transformation" in the Middle East through blockchain and artificial intelligence, the statement said. Aqua 1 did not immediately respond to a request for comment, and the World Liberty spokesperson had no further immediate comment. Launched two months before the 2024 U.S. presidential election by Trump and his business partners, World Liberty has yielded hundreds of millions of dollars in revenue for the Republican president's family business. World Liberty has drawn criticism from Democratic lawmakers and government ethics watchdogs over potential conflicts of interest. The Trump Organization has said the president's investments, assets and business interests are held in a trust managed by his children. World Liberty aims to open access to financial services via digital tokens, without intermediaries such as banks. It has launched a stablecoin called USD1 that was bolstered in May when an Abu Dhabi investment firm chose it for a $2 billion investment in giant crypto exchange Binance. (Reporting by Tom Wilson in London; Editing by Frances Kerry and Louise Heavens)
Yahoo
a day ago
- Business
- Yahoo
UAE fund buys $100 million of Trump's World Liberty tokens
By Tom Wilson LONDON (Reuters) -A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump's family, becoming its largest publicly known investor. Aqua 1 Foundation said in a statement on Thursday its purchase of the tokens, known as $WLFI, sought to speed up the creation of a "blockchain-powered financial ecosystem" with stablecoins and tokenised traditional assets at its heart. A spokesperson for World Liberty confirmed the investment to Reuters. A so-called governance token, $WLFI cannot be traded but gives holders the right to vote on changes to the business' underlying code. World Liberty said this week it was "working behind the scenes" to make the token transferable. "WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together," Aqua 1 founding partner Dave Lee said in the statement. The fund's investment and compliance teams would help World Liberty expand in South America, Europe and Asia, it added. Despite its investment, Aqua 1 maintains a minimal online presence. Its X account has only three posts and approximately 1,120 followers while its website was created on May 28, according to data from two web domain trackers. World Liberty also plans to support the launch of a separate Aqua 1 fund aimed at boosting the "digital economy transformation" in the Middle East through blockchain and artificial intelligence, the statement said. Aqua 1 did not immediately respond to a request for comment, and the World Liberty spokesperson had no further immediate comment. Launched two months before the 2024 U.S. presidential election by Trump and his business partners, World Liberty has yielded hundreds of millions of dollars in revenue for the Republican president's family business. World Liberty has drawn criticism from Democratic lawmakers and government ethics watchdogs over potential conflicts of interest. The Trump Organization has said the president's investments, assets and business interests are held in a trust managed by his children. World Liberty aims to open access to financial services via digital tokens, without intermediaries such as banks. It has launched a stablecoin called USD1 that was bolstered in May when an Abu Dhabi investment firm chose it for a $2 billion investment in giant crypto exchange Binance. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
UAE fund buys $100 million of Trump's World Liberty tokens
By Tom Wilson LONDON (Reuters) -A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump's family, becoming its largest publicly known investor. Aqua 1 Foundation said in a statement on Thursday its purchase of the tokens, known as $WLFI, sought to speed up the creation of a "blockchain-powered financial ecosystem" with stablecoins and tokenised traditional assets at its heart. A spokesperson for World Liberty confirmed the investment to Reuters. A so-called governance token, $WLFI cannot be traded but gives holders the right to vote on changes to the business' underlying code. World Liberty said this week it was "working behind the scenes" to make the token transferable. "WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together," Aqua 1 founding partner Dave Lee said in the statement. The fund's investment and compliance teams would help World Liberty expand in South America, Europe and Asia, it added. Despite its investment, Aqua 1 maintains a minimal online presence. Its X account has only three posts and approximately 1,120 followers while its website was created on May 28, according to data from two web domain trackers. World Liberty also plans to support the launch of a separate Aqua 1 fund aimed at boosting the "digital economy transformation" in the Middle East through blockchain and artificial intelligence, the statement said. Aqua 1 did not immediately respond to a request for comment, and the World Liberty spokesperson had no further immediate comment. Launched two months before the 2024 U.S. presidential election by Trump and his business partners, World Liberty has yielded hundreds of millions of dollars in revenue for the Republican president's family business. World Liberty has drawn criticism from Democratic lawmakers and government ethics watchdogs over potential conflicts of interest. The Trump Organization has said the president's investments, assets and business interests are held in a trust managed by his children. World Liberty aims to open access to financial services via digital tokens, without intermediaries such as banks. It has launched a stablecoin called USD1 that was bolstered in May when an Abu Dhabi investment firm chose it for a $2 billion investment in giant crypto exchange Binance. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
