Who owns World Liberty Financial, the company that links Pakistan with Trump family
World Liberty Financial (WLF) is a cryptocurrency and decentralized finance (DeFi) firm founded in 2024, with significant ownership and operational ties to the Trump family. The company has garnered attention for its connections to U.S. President Donald Trump and its recent partnership with Pakistan.
ADVERTISEMENT
According to official information from WLF, the company is primarily owned by DT Marks DEFI LLC, an entity affiliated with Donald Trump and some of his family members. DT Marks DEFI LLC holds approximately 60% of the equity interests in WLF Holdco LLC, the holding company that fully owns World Liberty Financial, Inc. WLF Inc. is a Delaware-based corporation responsible for developing the WLF blockchain protocol and operating its governance platform.
Despite the close ties through ownership, none of Donald Trump, his immediate family members, or executives associated with the Trump Organization hold direct management or operational roles at World Liberty Financial or WLF Holdco LLC, with one notable exception — Eric Trump serves as a manager on the board of WLF Holdco LLC. This limited managerial involvement highlights that day-to-day operations and strategic decisions may be carried out by professionals outside the Trump family.
DT Marks DEFI LLC and certain Trump family members also hold a significant stake in the company's native digital currency, $WLFI tokens. Reports indicate that they collectively own 22.5 billion tokens. Under a service agreement, DT Marks DEFI LLC is entitled to receive a large share of proceeds from the sale of these tokens, specifically 75% after deducting certain reserves and expenses.
ADVERTISEMENT WLF has faced scrutiny over its foreign investments and potential conflicts of interest. Chinese billionaire Justin Sun invested $30 million into WLF shortly after Trump's 2025 inauguration, and a subsequent SEC investigation into Sun was dropped. Additionally, a firm associated with the Abu Dhabi government invested $2 billion into WLF in 2025.The company's stablecoin, USD1, launched in March 2025, has been used in significant international transactions, including a $2 billion investment in the crypto exchange Binance by Abu Dhabi's MGX. This deal raised concerns among ethics experts about potential conflicts of interest.
ADVERTISEMENT World Liberty Financial recently signed a landmark deal with the Pakistan Crypto Council, a government-affiliated body aiming to develop the country's digital financial infrastructure. The deal outlines cooperation on blockchain innovation, stablecoin adoption, decentralized finance integration, and regulatory sandbox development.The partnership includes advisory roles from global crypto leaders such as Changpeng Zhao (CZ), founder of Binance, indicating the ambition to position Pakistan as a significant hub in South Asia's crypto economy.
ADVERTISEMENT This deal is seen as part of a broader effort by Pakistan to accelerate its presence in the global digital finance arena. However, it also casts a spotlight on the Trump-linked WLF, bringing scrutiny regarding geopolitical and business interests intersecting in the emerging crypto space.
Also Read: Pakistan strikes deal with Trump family-backed crypto venture
ADVERTISEMENT WLF's operations have been criticized for blurring the lines between private enterprise and government policy. The New York Times described the company's activities as "eviscerating the boundary between private enterprise and government policy in a manner without precedent in modern American history." Critics argue that WLF's foreign investments and the Trump family's involvement raise questions about potential conflicts of interest and the influence of private business on public policy.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
33 minutes ago
- News18
Donald Trump Says Pharma Tariffs 'Coming Soon'; Indian Drug Stocks Fall Up To 4%
Last Updated: US Pharma Tariffs: Granules India becomes the top loser falling up to 4%, while Aurobindo, Natco and Lupic was down 3% each. US President Donald Trump on June 17 said tariffs on the pharmaceutical sector are 'coming soon". Following comments, which Trump made while speaking to reporters on board the Air Force One, India's pharma stocks declined up to 4%. The Nifty Pharma index declined as much as 2.5% following the Trump comments. Granules India became the top loser falling up to 4%, while Aurobindo, Natco and Lupic was down 3% each. This isn't the first warning — back in April, after imposing reciprocal tariffs on 60 countries (excluding pharma at the time), Trump had hinted that pharma tariffs would come in at 'never seen before" levels and were under active review. 'Pharma tariffs are going to come in at levels you haven't really seen before. We are looking at pharmaceuticals as a separate category. We will be announcing that sometime in the near future, and not too distant future. It's under review right now," Trump had said back in April. The US Commerce Department is currently investigating pharma imports under Section 232, which evaluates the impact of imports on national security. If such tariffs are imposed and companies are unable to pass on the cost, analysts at Citi estimate Indian firms with high exposure to the US generics market could see a 9%-12% one-time hit to their Ebitda.
Mint
35 minutes ago
- Mint
Donald Trump's Iran policy divides MAGA: Vance defends, Marjorie Taylor Greene & Tucker Carlson oppose
JD Vance took to X (formerly Twitter) on Tuesday (June 17) to defend President Donald Trump's handling of the Iran-Israel conflict, pushing back against growing dissent from within the MAGA movement. 'The president has shown remarkable restraint,' Vance wrote, insisting Trump remains committed to preventing Iran from acquiring nuclear weapons. 'He is only interested in using the American military to accomplish the American people's goals,' Vance said. In his detailed post, Vance emphasised the distinction between civilian nuclear power and uranium enrichment, claiming Iran crossed the line by enriching uranium well beyond civilian use thresholds. 'Iran could have civilian nuclear power without enrichment, but Iran rejected that,' Vance explained. 'It's one thing to want civilian nuclear energy. It's another thing to demand sophisticated enrichment capacity.' He cited findings from the International Atomic Energy Agency (IAEA), accusing Iran of violating its non-proliferation obligations. While acknowledging public skepticism about foreign interventions, Vance urged Americans to trust Trump's judgment on the issue. 'He may decide he needs to take further action to end Iranian enrichment,' Vance wrote. 'That decision ultimately belongs to the president.' 'I believe the president has earned some trust on this issue.' Vance's defense of Trump arrives as high-profile MAGA conservatives voice growing concern over possible US military involvement in the Iran-Israel conflict. Tucker Carlson and Rep. Marjorie Taylor Greene have emerged as leading voices in the internal rebellion. Greene warned on June 16 that U.S. foreign interventions 'put America last' and 'will ultimately lead to our destruction.' 'Anyone slobbering for the U.S. to become fully involved in the Israel/Iran war is not America First/MAGA,' she posted on X. Greene added that Americans are 'sick and tired of foreign wars' and want troops focused on protecting US borders. Carlson went further, accusing Trump of being 'complicit in the act of war.' The former Fox News host's comments sparked a rare criticism from Trump, who dismissed him publicly. 'I don't know what Tucker Carlson is saying. Let him go get a television network and say it so that people listen,' Trump said. On Truth Social, he added: 'Kooky.'
Economic Times
37 minutes ago
- Economic Times
Next No Kings protests date released as millions turn out on Trump birthday - Date, time, venue and all details
When is Next "No Kings" protest? Live Events What themes will the next 'No Kings' rally focus on? Were there any incidents during the June 14 protests? FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Following the massive turnout on Donald Trump's birthday, " No Kings " organizers have set the next protest date. With millions already marching, momentum is gaining again, this time with a renewed emphasis on justice and voting against growing authoritarianism, known as the "No Kings" movement, started all over the United States on June 14. This event was deemed a nationwide day of organizers of last weekend's "No Kings" protests are already planning another rally and are hailing the event as one of the biggest mass gatherings in American mobilizing millions around the world on June 14, the Transformative Justice Coalition said Monday that in remembrance of Civil Rights activist and lawmaker John Lewis, who passed away on that day in 2020, the next protests will take place on July upcoming demonstrations will focus on racial justice, voting rights, and democracy. The previous round of protests included more than 2,100 global Levin of Indivisible reports that more than 2,100 No Kings events were held in 20 countries on Saturday. Approximately 5 million people worldwide took part, Levin added."We're going to center three things," Barbara Arnwine of the Transformative Justice Coalition stated in reference to the planned protests on July would prioritize voting rights for all, as voter suppression has no right to exist in this will prioritize racial justice because this country will never be right until it is racially just. 'Lastly, they will discuss our ongoing and unified struggle for a robust, inclusive, and just democracy, which is our mission and our duty in these times,' as per a report by preparations are underway for the upcoming No Kings demonstrations on Saturday were mostly nonviolent, but there were a few incidents. Arthur Folasa Ah Loo, 39, was shot and killed during the No Kings demonstration in Salt Lake Woodard Henderson, the call's host on Monday, provided a GoFundMe link in order to help the family of Folasa Ah next nationwide protest is on July 17. Locations are being confirmed, but events will be held throughout the United rallies will focus on racial justice, voting rights, and democracy-building, echoing John Lewis' legacy.
