World Liberty Financial, the crypto project supported by the family of US President-elect Donald Trump, is planning to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.
The expected move will deepen World Liberty Financial’s close ties to the Tron empire. Its founder Justin Sun is already advising Trump’s crypto project. He is also the single largest holder of its WLFI token, which bought for $30 million in November.
It is unclear how much TRX World Liberty plans to add to its cryptocurrencies reserve. World Liberty raised $90 million from WLFI sales. It previously parked seven-figure sums in AAVE and LINK, tokens issued by projects partnered with World Liberty.
Trump is officially the “chief crypto advocate” of World Liberty Financial, which plans to offer crypto-financial services to the masses. His impending return to the White House is being heralded as a watershed moment for the crypto industry.
Tron is along for the ride. A delegation from the project is scheduled to attend Monday’s inauguration. Tron also sponsored the industry’s inaugural gala, the “crypto ball” on Friday night in Washington, DC, a source told CoinDesk.
Trump’s team did not immediately respond to a request for comment, and neither did World Liberty Financial.
