đ World Liberty Financial Lands $100M Mega-Deal from UAE Crypto Investors
Oil money meets DeFi as Middle Eastern capital floods into traditional finance.
### The Petrodollar Pipeline Shifts to Blockchain
A $100 million wire transfer just rewired the financial ecosystem. World Liberty Financialâa stodgy institution youâd expect to hate cryptoâjust got a nine-figure lifeline from UAE digital asset whales. Guess even boomer banks need blockchain oxygen now.
### Why This Deal Stings Traditional VCs
While Silicon Valley VCs nurse their FTX hangovers, sovereign wealth funds are writing checks that donât bounce. The UAEâs play? Back established financial players dipping toes in cryptoâsafer than betting on some anon teamâs memecoin.
### The Cynicâs Take
Nothing screams âadoptionâ like institutions using crypto to⌠fund more institutions. Web3 revolution secured, folks.
World Liberty Financial Partners With Aqua 1
Zak Folkman, co-founder of World Liberty Financial, expressed enthusiasm about the partnership, stating, âWeâre excited to work hand-in-hand with the team at Aqua 1.âÂ
This investment positions Aqua 1 among the largest stakeholders in the Trump familyâs cryptocurrency project. It is further strengthened by the backing of crypto billionaire Justin Sun, who is the top investor in the company with a substantial $75 million stake.
This marks the second investment from a UAE-based firm in World Liberty Financial within a short span; earlier this year, Abu Dhabiâs MGX used World Liberty Financialâs USD1 stablecoin to facilitate a $2 billion investment in Binance.Â
David Lee, a founding partner at Aqua 1, stated that Aqua 1 and the decentralized platform will collaborate to âidentify and nurture promising blockchain projects.â
World Liberty Financial also plans to support the Aqua Fund, an investment vehicle focused on enhancing the digital economy in the Middle East. In addition, Aqua 1 will aid World Liberty Financial in expanding its reach into South America, Europe, Asia, and emerging markets.Â
Both companies are also set to develop âBlockRock,â a platform aimed at tokenizing real-world assets (RWAs) to bridge traditional investments like real estate with the Web3 ecosystem.
New App Launch PlannedÂ
In tandem with these initiatives, World Liberty Financial is preparing to release an audit report of its stablecoin, USD1, within days. Folkman, speaking at the Permissionless conference in Brooklyn, New York, also mentioned that the platformâs WLFI token may soon become tradable.Â
Launched two months prior to the US presidential election, WLFI has already generated substantial revenue for Trumpâs family business through the sale of governance tokens. These tokens grant holders the ability to vote on project changes and influence its strategic direction.
While WLFI is currently not tradable, Folkman hinted at forthcoming updates that users should watch for in the coming weeks. He also revealed that the companyâs stablecoin has received its first attestation report, which will be available on the companyâs website.
To further facilitate user engagement, Folkman announced the upcoming launch of a new app designed to simplify cryptocurrency use for everyday investors.Â
As of press time, the OFFICIAL TRUMP memecoin trades at $8.96, recording a major 30% drop in the monthly time frame.Â
Featured image from DALL-E, chart from TradingView.comÂ