YEREVAN (CoinChapter.com) — DWF Labs invested $25 million in World Liberty Financial.
The project is backed by Donald Trump and his sons. The announcement came on April 16. The deal involved a private purchase of WLFI tokens.
World Liberty Financial launched on September 16, 2024. It promotes decentralized finance and U.S. dollar-pegged stablecoins. During the launch, Trump said the family was “embracing the future with crypto and leaving the slow and outdated big banks behind.”
DWF Labs confirmed that the WLFI investment gives it governance rights. As tokenholders, DWF will vote on decisions inside the WLFI ecosystem.
WLFI Investment Includes USD1 Stablecoin Liquidity
DWF Labs also agreed to provide liquidity for USD1, the stablecoin of World Liberty Financial. The USD1 stablecoin launched on March 24. It operates on both BNB Chain and Ethereum networks.
So far, USD1 is not tradable. World Liberty Financial confirmed that trading is not yet open. The stablecoin is pegged to the U.S. dollar.
DWF Labs provides liquidity services to over 60 exchanges globally. It works as a market maker. That means it helps traders execute orders by offering buy and sell prices.
Since September 2024, World Liberty Financial has raised over $600 million. In its first token sale, the project raised $300 million. It sold 20 billion WLFI tokens.
On March 14, the project held another sale. It sold 5 billion WLFI tokens for $0.05 each. That round raised $250 million. Together, these public sales brought in $550 million.
On November 25, 2024, Tron founder Justin Sun bought 2 billion WLFI tokens for $30 million. Web3Port invested another $10 million. Oddiyana Ventures also made a strategic investment. The amount was not disclosed.
DWF Labs Opens Office in New York After WLFI Investment
DWF Labs is expanding into the U.S. It has opened an office in New York City. The company said this move supports its global growth.
The new office will help build institutional relationships. DWF plans to work with U.S. banks, fintech companies, and asset managers. It also plans to increase engagement with U.S. regulators.
The WLFI investment and office opening came at the same time. DWF said both are part of its strategy to enter the American crypto market.
World Liberty Financial uses the WLFI token to manage its governance model. Tokenholders can vote on internal project proposals. DWF Labs now holds that right after its $25 million investment.
USD1 is part of the same DeFi ecosystem. It has not provided a timeline for when USD1 will be fully tradable.
No U.S. agencies have made public statements on DWF’s WLFI investment. The deal took place through a private transaction.