DWF Labs invests $ 25M on Trump Family-backed World Liberty Financial, stretching us
DWF Labs invests $ 25 million in World Liberty Financial (WLFI), the decentralized financial protocol supported by US President Donald Trump and his family.
The crypto market manufacturer also enters the US market with a new office in New York City as part of its broader expansion plans, according to a Press release On Wednesday.
By establishing a physical presence in the US, the DWF aims to work closer to traditional financial institutions, expand the local worker and more directly engage in US regulators.
The firm also plans to deepen the relationship with American colleges and universities to promote education in cryptocurrencies. Buying a WLFI token gives DWF Labs a project management management, that includes USD1.
The DWF labs said it would provide liquidity for the USD1 ecosystem, using trading infrastructure to support activity on both centralized and decentralized platforms.
Zak Folkman, co-founder of WLFI, said it is expected to accelerate the DWF’s involvement of “the next generation infrastructure we are actively building and dumping the WLFI.” Meanwhile, DWF Labs management of partner Andrei Grachev said that the physical presence of the US company reflects its confidence in the “role of America as the next region of growth for the adoption of institutional crypto.”
WLFI is positioning the USD1 as a stable, institutional Grade Stablecoin designed to meet rising demand from “Sovereign investors and major institutions.”
