The crypto market manufacturer DWF Labs has announced a $ 25 million investment in World Liberty Financial, the decentralized financial project (DEFI) supported by US President Donald Trump and his sons, as the company expands in the United States with an office in New York City.
On April 16, the DWF labs based on DWF Says It bought World Liberty Financial (WLFI) tokens through a private transaction.
The firm said the transaction reflects its desire to participate in WLFI management. As tokenholders, DWF labs can vote on decisions that affect the ecosystem.
Wlfi Launched on September 162024, to establish the Defi and US dollar-pegged stablecoins. During the launch, Trump said the family would “embrace the future with the crypto and left the slow and obsolete banks.”
DWF labs to provide liquidity for USD1 Stablecoin
Next to the WLFI investment, the DWF Labs said the collaboration included the provision of liquidity for the project’s stablecoin, World Liberty Financial USD (USD1).
On March 24th, the Defi project USD1 launched in BNB chain and Ethereum. However, the project made it clear that Stablecoin has not yet lived.
DWF Labs is a market manufacturer that provides liquidity for over 60 exchanges worldwide. A Manufacturer of market Allowed entrepreneurs to carry out their goods by providing liquidity. They produce or take orders from merchants, which allow proper trading operations.
The investment coincides with the expansion of the DWF in the US. The market manufacturer said it established an office in New York City as part of its global expansion plans.
The company expects expansion to improve institutional partnerships with banks, asset managers and FinTech companies. It also aims to strengthen its communication with US regulators.
Related: DWF Labs launches $ 250m funding for the mainstream crypto adoption
WLFI has raised more than $ 600 million since it launched
Ever since it launched in September, World Liberty Financial has been raised more than $ 600 million For its defi protocol.
The company raised $ 300 million during the first token sale by selling 20 billion WLFI tokens. The company sells another 5 billion tokens at $ 0.05 each, meeting the target price of an extra $ 250 million on March 14. It puts the WLFI Public token Sales’s overall income to $ 550 million.
On November 25th, Tron founder Justin Sun purchased 2 billion WLFI tokens for $ 30 million. The web3port investment platform was also announced by a $ 10 million WLFI investment, while venture capital firm Oddiyana Ventures was announced by a strategic investment without disclosing the value.
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