Whitelists 100,000 U.S. Investors for World Liberty Financial
World Liberty Financial, or WLFI, a new crypto venture backed by members of the Trump family, has just whitelisted over 100,000 accredited U.S. investors. The WLFI token is set to presell this upcoming Tuesday; the venture aims to raise $300 million, valuing the project at $1.5 billion.
Via live stream on X, WLFI project updates and more – WLFI update streamed on X: the milestone of whitelisting 100,000 investors; the WLFI token will be used as the governance token for the protocol, and users will have voting rights regarding key decisions taken on the platform. Rich Teo onboards lead on stablecoin operations.
Meanwhile, Paxos co-founder Rich Teo has joined World Liberty Financial as lead of stablecoin and payment operations. The announcement did not mention the role of Teo in Paxos, but his expertise in blockchain infrastructure and stablecoins makes him a very sought-after professional for WLFI.
Teo was a quantitative trader at the Citadel Investment Group before he co-founded Paxos, a blockchain company focused on regulated stablecoin services and digital asset solutions.
Ambitious Aims from WLFI
The WLFI dapp is designed to tie various DeFi services together by allowing users to lend, borrow, and transact with stablecoins. In this sense, the token’s governance feature allows users to vote on the operation of the platform.
Donald Trump officially introduced the World Liberty Financial on Sept. 16, a disruptor against traditional financial systems. The first-stage presale will be available to accredited U.S. investors, but international investors could have an opportunity to join in, pending their respective regional regulations.
Prospects into the Future with Fierceness of Election Tensions
The WLFI presale lands just weeks prior to the U.S. presidential election of which Donald Trump was announced as the Republican candidate for. While some analysts remain optimistic about the token growing in value, one recent Bloomberg report pointed out the general long-term viability concerns of the project.
Currently, per Polymarket, Trump has a 53.6% chance of winning the election – adding an extra layer of interest to the launch of World Liberty Financial.
