A UAE crypto fund has invested$100 million into World Liberty Financial, a blockchain project supported by President Donald Trump. Aqua 1 Foundation said the investment supports a blockchain ecosystem linking traditional and decentralised finance.
The platform's native token, WLFI, is only available to accredited investors. According to the project's team, WLFI enables token holders to vote on decisions within the system.
Meanwhile, its stablecoin, USD1, is already trading on major crypto exchanges and was used in a controversial$2 billion settlement involving Binance and an Abu Dhabi-based wealth fund.
Although details on the World Liberty platform remain limited, developers claim it will function as a decentralised borrowing and lending hub. Chase Herro, Zak Folkman, Eric Trump, and the Witkoff family-long-time Trump allies-lead the project.
Ethical concerns are mounting, particularly among Democratic lawmakers, as the Trump family has reportedly earned tens of millions from token sales.
President Trump disclosed a personal gain of over$57 million from the project, prompting Senator Richard Blumenthal to investigate its operations. The Trump-linked DT Marks DEFI LLC recently reduced its stake in the project from 60% to 40%.
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