World Liberty Financial, a new crypto platform in which US President Donald Trump has a significant stake, has announced the creation of a strategic token reserve designed to support Bitcoin, Ethereum and other cryptocurrencies "at the forefront of reforming global finance." This was reported by Reuters.
World Liberty Financial was launched two months before the US presidential election. Trump and his affiliates own 60% of the holding company's shares and are entitled to 75% of the revenue and 22.5 billion tokens.
The new token reserve will allow WLF to reduce market volatility, enable the company to invest in innovative projects in the field of decentralized finance, and create a well-capitalized reserve. The company also announced that it will seek strategic partnerships with financial institutions to contribute tokenized assets to the WLF reserve.
In addition to WLF, the Trump family owns a controlling stake in Trump Media & Technology Group, a social media and streaming company. On January 29, the company announced a refocus on cryptocurrency-related financial services.
Recently, Donald Trump Jr, the president's eldest son, spoke at the Ondo Summit in New York, which was dubbed "Wall Street 2.0." There, Trump and the company's founders told the participants, most of whom came from traditional finance, that WLF's goal is to bridge the gap between the cryptocurrency world and retail investors.
Donald Trump Jr. has emphasized the need to create a regulatory framework that will allow "cryptocurrencies to flourish." He noted that cryptocurrencies are "the future of finance" and "the future of American hegemony."