DWF Labs Invests $25M in Trump Family-Backed World Liberty Financial, Expands to U.S.
DWF Labs has invested $25 million in World Liberty Financial (WLFI), a decentralized finance protocol supported by Donald Trump and his family. As part of its expansion into the U.S. market, DWF opened an office in New York City, aiming to strengthen relationships with traditional financial institutions and regulatory bodies. The investment includes acquiring WLFI tokens, which grants DWF a governance stake in the project. The firm plans to supply liquidity for WLFI's stablecoin, USD1, which will be backed by U.S. Treasury bills and equivalents. This collaboration is expected to accelerate infrastructure development at WLFI, where USD1 is positioned as an institutional-grade stablecoin to cater to growing interest from major investors. DWF Labs Managing Partner Andrei Grachev emphasized confidence in America's potential for institutional crypto adoption, while WLFI co-founder Zak Folkman stated that DWF's involvement will enhance their ongoing initiatives in decentralized finance.
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