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Trump family-backed WLFI plans to raise $1.5 billion, intending to establish a publicly traded company to hold Token.
[Chain News] On August 9, news emerged that cryptocurrency vault companies are in high demand. World Liberty Financial, backed by the Trump family, plans to capitalize on this trend by establishing a publicly listed company that will hold its WLFI Token and is currently seeking investor feedback on this plan. According to insiders, the structure of the deal is still being finalized, with a fundraising target of around $1.5 billion, and negotiations are rapidly advancing with large investors from the technology and cryptocurrency sectors. World Liberty's website lists Trump as "Honorary Co-Founder." The company announced plans last year to launch a crypto lending application and currently offers a stablecoin pegged to the US dollar, USD1. The company is raising funds by selling its WLFI Token, which was initially designed as a non-transferable governance token but plans to be traded on the public market.