Latest news with #ZakFolkman
CNBC
12-08-2025
- Business
- CNBC
World Liberty Financial co-founders on $1.5 billion digital coin deal, growth of USD1 stablecoin
Zach Witkoff, World Liberty Financial co-founder and CEO and ALT5 Sigma incoming chairman, and Zak Folkman, World Liberty Financial co-founder and COO and ALT5 Sigma incoming board observer, join 'Squawk Box' to discuss news of World Liberty Financial using ALT5 Sigma Corporation to raise $1.5 billion for the purchase of its WLFI token, the economics of USD1, future of stablecoins, and more.
Business Insider
30-07-2025
- Business
- Business Insider
Falcon Finance Secures $10 Million Initial Investment from World Liberty Financial to Advance Cross-Platform Stablecoin Development
Falcon Finance, the universal collateralization infrastructure powering onchain liquidity and yield, has received a $10M strategic investment from World Liberty Financial (WLFI), the pioneer of the decentralized finance protocol and governance platform behind the USD1 stablecoin. The funding will accelerate Falcon's technical integrations, focusing on shared liquidity provisioning, multi-chain compatibility, and smart contract modules for seamless conversions between USDf and USD1. USD1 has also been utilized as collateral on Falcon. This investment comes as Falcon has recently exceeded $1B circulating supply after its public launch, demonstrating strong market demand for an innovative and sustainable approach for the digital dollar space. "We are excited to collaborate with WLFI to redefine digital dollar solutions," said Andrei Grachev, Managing Partner of Falcon Finance. "This investment validates our approach to creating more efficient on-chain dollar instruments for institutional users, and WLFI's distribution network will help accelerate adoption of our technology." The integration of Falcon Finance and World Liberty Financial (WLFI) unites the complementary strengths of both protocols. Falcon Finance operates a synthetic dollar protocol that accepts a range of collateral, managed under a dynamic, risk-adjusted overcollateralization model. USD1 complements this by offering a digital asset that is redeemable on a 1:1 basis for the U.S. dollar and backed by a reserve containing U.S. government money market funds, U.S. dollar deposits, and other cash equivalents. "This strategic partnership with Falcon Finance represents a significant step forward in our mission to build a comprehensive DeFi ecosystem," said Zak Folkman, co-founder of World Liberty Financial. "By combining Falcon's innovative collateralization model with our fiat-backed approach, we are creating a more robust and flexible digital dollar infrastructure that will meet the diverse needs of both retail and institutional users across the global market." With WLFI's involvement, Falcon Finance is poised to strengthen its leadership in building a universal collateralization infrastructure that powers onchain liquidity and yield. About Falcon Finance Falcon Finance is building the infrastructure layer that connects capital, collateral, and composability across onchain and offchain financial systems. Our mission is to create a unified framework where institutions, protocols, and capital allocators can transform assets into usable liquidity - transparently, securely, and with strategic flexibility. We enable the use of any yield-generating, custody-ready asset - whether crypto-native, tokenized real-world, or fiat-linked as enforceable collateral for issuing onchain liquidity and unlocking value across different financial domains. By combining legal structure, composable mint/redeem logic, and modular liquidity pathways, Falcon allows capital to move between forms and contexts supporting onchain strategies, institutional deployment, and real-world settlement alike. Learn more: World Liberty Financial (WLFI) is a pioneering decentralized finance (DeFi) protocol and governance platform inspired by the vision of President Donald J. Trump. WLFI develops transparent, secure, and accessible financial tools, including institutional-grade products designed to broaden participation in decentralized finance. For more information, visit Managing Partner
Arabian Post
29-06-2025
- Business
- Arabian Post
UAE Fund Backs Trump-Linked Crypto with $100m Governance Stake
Arabian Post Staff -Dubai A UAE-based investment vehicle, Aqua 1 Foundation, has acquired $100 million in governance tokens from World Liberty Financial, the cryptocurrency venture affiliated with the Trump family, making it the most prominent publicly disclosed investor to date. The move, confirmed by both parties, signals a strategic push to accelerate the creation of a blockchain-based financial ecosystem built on stablecoins and tokenised real-world assets. Aqua 1 described the allocation of governance tokens—known as WLFI—as an opportunity to contribute to decisions on the platform's development. Although WLFI is currently non-transferable, World Liberty has confirmed it is 'working behind the scenes' to enable trading functionality. At the Permissionless conference in Brooklyn, WLF co‑founder Zak Folkman stated that WLFI could soon be tradable, with the stablecoin set for an independent audit 'within days'. ADVERTISEMENT Dave Lee, founding partner at Aqua 1, emphasised the synergy expected from the partnership, citing plans to jointly identify and foster high‑potential blockchain initiatives. The intention is to integrate WLF's USD1 stablecoin infrastructure into global commercial payments and treasury systems. The move marks Aqua 1 as a key bridge between traditional finance and decentralised finance, aligning with its ambition to extend influence into South America, Europe, Asia and Middle Eastern markets. Despite its substantial investment, Aqua 1 has maintained a low profile. Reports indicate its web presence is minimal—with just a handful of social media posts and evidence of a website only registered on 28 May. WLF, launched in late 2024 by Donald Trump, three of his sons and associate Steve Witkoff, has raised well over half a billion dollars through token sales. The Trump family controls a significant stake—around 60% ownership and 75% of net token sales revenue—raising concerns over conflicts of interest. Democratic lawmakers and ethics watchdogs have repeatedly voiced apprehension that these financial interests may influence policy, amid reports that WLF proceeds reached hundreds of millions of dollars. WLF's stablecoin, USD1, is 100% backed and supported by U.S. dollar reserves, including Treasuries, and has already drawn sizeable institutional backing. In May, an Abu Dhabi firm used USD1 in a $2 billion transaction with Binance, while WLF prepares to publish an attestation of its stablecoin reserves as part of forthcoming audit disclosures. The institutionalisation of WLFI governance aligns with the platform's roadmap, which includes plans to launch a consumer‑friendly mobile app to streamline access to its digital ecosystem. The expected transition to transferable governance tokens is likely a precondition to broader distribution and potential listings on third‑party exchanges. Regulatory scrutiny remains a key challenge. Critics argue that WLF's entanglement of private financial interests with public office contradicts norms protecting against foreign influence. At least one senator has raised concerns after the Abu Dhabi stablecoin transaction. Additional worries stem from the Trump administration's shift toward crypto deregulation, a change that coincides with WLF's rise, prompting concerns from ethics groups about policy bias favoring the platform. That overlap of influence has fuelled broader debates in Congress. Legislators have begun proposing amendments such as the GENIUS Act, which would regulate stablecoins more robustly, and restrictions on digital asset investments by sitting presidents. Observers note that WLFI's new status and Aqua 1's involvement could sharpen the need for regulatory clarity and transparency around token governance. Meanwhile, WLF's expansion plans are proceeding apace. The platform is reportedly developing a Middle East‑based Aqua Fund to support digital economy projects leveraging blockchain and artificial intelligence. The collaboration is expected to produce tokenisation platforms such as BlockRock, targeting institutional asset-digitisation markets. Aqua 1's governance stake marks a turning point. By becoming the lead institutional backer, the foundation now holds significant influence over decisions shaping WLF's evolution. With token transferability and app launches on the horizon, WLFI stands poised for a new phase of adoption—though progress will likely be watched closely by regulators and investors alike.
Crypto Insight
27-06-2025
- Business
- Crypto Insight
Trump-backed World Liberty to release stablecoin audit, make WLFI transferable
World Liberty Financial, the crypto venture linked to US President Donald Trump, is preparing to release an audit of its stablecoin and hinted that its governance token, WLFI, may soon be transferable. Speaking at the Permissionless conference in Brooklyn on Wednesday, co-founder Zak Folkman told Blockworks' Jason Yanowitz that the company's stablecoin had recently received its first attestation report from an accounting firm. Folkman added that the attestation report will be published on the project's website 'within the next few days.' He also suggested a significant shift may be coming for WLFI, the project's governance token. 'I don't want to give away too much,' he said, 'but if you pay attention over the next couple of weeks, I think everyone… is going to be very, very happy.' WLFI currently grants voting rights, but they are nontransferable. Folkman added that World Liberty plans to launch a new app aimed at making crypto easier to use for retail participants, a move that could broaden the platform's appeal ahead of the election cycle. WLFI to become transferable Confirming the news in a recent X post, World Liberty Financial said that its WLFI token may soon become transferable, following growing demand from its community. 'You asked to make $WLFI transferable — we heard you,' the project said, adding that the team is actively working behind the scenes to enable the change. The message concluded with a promise of 'big news coming soon.' Still, the announcement received mixed reactions. While some expressed excitement about being able to acquire WLFI, others were skeptical. 'Translation: Team is trying to dump their supply,' X user Clemente wrote. 'Not just the team but retail investors and foreigners. American middle class will jump in finally to hold the bag as usual,' another user claimed. Trump earns big from crypto Donald Trump has reported earning $57.4 million from World Liberty Financial. According to his 2025 financial disclosure filed with the Office of Government Ethics, Trump holds over 15 billion governance tokens in the project, which come with voting rights. The income comes from token sales. World Liberty Financial has raised $550 million through two public token sales since its launch in September 2024. The platform focuses on DeFi services and dollar-pegged stablecoins, branding itself as a disruptor of traditional finance. The project has attracted notable crypto investors, including Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens, and Web3Port, which invested $10 million. Oddiyana Ventures also joined as a backer in early 2025. Source:
Mint
26-06-2025
- Business
- Mint
UAE's Aqua 1 invests $100 million in Trump-linked crypto venture, amid outcry of influence peddling
Aqua 1 Foundation, a UAE-based Web3 investment fund, announced today a $100 million purchase of governance tokens in World Liberty Financial (WLF), solidifying its position as the largest individual investor in the controversial crypto venture closely tied to the Trump family. The deal marks the second major Middle Eastern investment in WLF within months, raising fresh questions about foreign influence and conflicts of interest surrounding the decentralized finance platform. The investment grants Aqua 1 significant voting rights over WLF's future development. According to a joint statement, the capital will accelerate WLF's plans to build blockchain-powered financial applications, including expanding its USD1 stablecoin and developing platforms for tokenizing traditional assets like real estate or commodities. The partnership also includes plans to co-develop "BlockRock," an institutional real-world asset (RWA) tokenization platform, and support the launch of Aqua 1's "Aqua Fund," a UAE-domiciled digital economy investment vehicle backed by regional stakeholders. "Aligning with Aqua 1 validates our blueprint for global financial innovation," said WLF co-founder Zak Folkman. 'We have a joint mission to bring digital assets to the masses and strengthen our nation's standing as a champion and leader of cryptocurrency.' Dave Lee, Aqua 1's founding partner, emphasized WLF's USD1 ecosystem represents a "trillion-dollar structural pivot opportunity" merging traditional finance with decentralized technology. This investment shines another spotlight on WLF's origins and ownership structure, which has drawn intense scrutiny since its launch: WLF was founded in 2024 and is primarily owned by DT Marks DEFI LLC, an entity controlled by Donald Trump and his family, holding approximately 60% (recently reduced from 75%). The Trump family business entity is entitled to 75% of all net revenues from WLF token sales. Eric Trump and Donald Trump Jr. are actively involved in management, while Barron Trump is listed as the project's "DeFi visionary." Initial co-founders Zachary Folkman and Chase Herro handle day-to-day operations. The Aqua 1 investment, following closely on the Abu Dhabi MGX deal, intensifies concerns among government ethics experts and critics of the Trump administration. They argue that these substantial foreign investments, particularly from nations with sovereign wealth funds and strategic interests, into a company enriching the sitting President's family create significant potential for influence peddling and conflicts of interest. The administration and WLF maintain there are no conflicts, pointing to Trump's assets being in a trust managed by his children.
