Trump-Backed DeFi Project WLFI Raises $550M in Latest Token Sale

World Liberty Financial (WLFI), a DeFi project publicly associated with Donald Trump, has successfully concluded its latest round of token sales, adding $550 million to its fundraising total. This brings the project's overall capital raised to $590 million.

WLFI has now sold 25% of its 100 billion token supply, with co-founder Zak Folkman confirming that 63% of the total supply is allocated for public sales—suggesting additional offerings are on the horizon.

The project's public sale began in October 2024, initially offering 20 billion tokens at $0.015 each to whitelisted investors. Despite a slow start, interest in WLFI surged following the introduction of Trump and Melania Trump’s memecoins, boosting demand for the project's native token.

After raising $300 million in its initial sale, WLFI launched a second sale in January, offering 5 billion tokens at an increased price of $0.05 per token. This sale, completed last Friday, secured an additional $250 million.

Notable investors include Tron founder Justin Sun, whose $30 million investment in November led to his appointment as an advisor to the project. Additionally, Web3Port, a blockchain investment platform, injected $10 million into WLFI on January 27.

Launched in September 2024, WLFI aims to strengthen decentralized finance while promoting dollar-pegged stablecoins. According to its white paper, the project seeks to maintain the U.S. dollar’s global reserve status while upholding the freedoms that decentralized assets provide.

WLFI token holders gain governance rights, including the ability to vote and propose changes. However, the tokens are locked from transfers for the first 12 months.

Although the project's website names Donald Trump as "chief crypto advocate" alongside his sons Eric, Donald Jr., and Barron Trump, the white paper clarifies that the Trump family does not manage or own the project.

With more token sales expected and increasing investor interest, WLFI continues to carve out its position in the evolving DeFi space.