The crypto world welcomes good news again! The Trump family-affiliated encryption platform launches the 'Strategic Token Reserve' plan.

Caifeng News reported on February 12th that World Liberty Financial (WLF), a Cryptocurrency platform closely associated with U.S. President Trump, announced on Tuesday that it will launch a 'Strategic Token Reserve' plan to support BTC, Ethereum, and other Cryptocurrencies that are 'reshaping the global financial frontier'.

WLF stated in a statement released on X on Tuesday that its new Token reserves will enable it to mitigate market volatility, allowing the company to invest in innovative projects in decentralized finance (DeFi) and establish a well-capitalized reserve. It also stated plans to collaborate with traditional financial institutions to inject Tokenized assets into the reserve, further promoting transparency and innovative marketing through strategic partnerships.

In simple terms, WLF's 'strategic Token Reserve' aims to reduce market volatility risk by holding a diversified range of Token assets, supporting mainstream encryption projects such as BTC, Ethereum, enhancing market stability, and supporting the growth of the DeFi ecosystem.

In addition, just three days ago, the president's eldest son, Donald Trump Jr., unexpectedly appeared at the Ondo Summit, known as Wall Street 2.0, in New York. There, he and the company's founder told attendees (most of whom come from traditional finance) that WLF aims to bridge the gap between the cryptocurrency world and mainstream retail investors such as teachers, firefighters, and dentists.

Donald Trump also emphasized the urgent need for a regulatory framework that allows the flourishing of cryptocurrency. He said cryptocurrency is the "future of finance" and the "future of American dominance".

It is not difficult to see that since last year, Trump and his family business have been increasingly turning to making money from the encryption world. In addition to WLF, the Trump family also holds a majority stake in the social media and streaming company Trump Media & Technology Group, which announced on January 29 that it will turn to encryption-related financial services.

And in his first three days in office, Trump also launched his personal Meme Token. Not only did he make $100 million from the sale of Meme Tokens, but as the value of the Meme Token increased, more funds have poured into the encryption entity associated with the president. According to foreign media calculations, WLF's Token sales have reached $500 million.

WLF was also established two months before the presidential election, with a "close" relationship with Trump. According to information previously disclosed by the company, the Trump family authorized the use of Trump's image for the promotion and marketing of WLF, and in return, the Trump family could receive up to 75% of WLF's net income.

In addition to net income, the Trump family will also receive 22.5 billion WLF Tokens, which, calculated at the issuance price of 1.5 cents, will be worth $337.5 million. However, none of the Trump family members are directors, employees, managers, or operators of WLF or its affiliates, and WLF has explicitly stated that its Tokens are not political.

In January this year, Trump said that his assets are a revocable trust and will be managed by his children during his tenure.

(Article Source: Science and Technology Innovation Board Daily)

Source: East Money

Author: Sci-Tech Board Daily