World Liberty Financial is reportedly exploring the creation of a publicly traded company listed on Nasdaq to hold its WLFI tokens, targeting approximately $1.5 billion in fundraising.
According to a Friday report from Bloomberg, the structure of the deal is still being finalized, but discussions with major investors in technology and crypto are moving along quickly.
This new entity would function as a treasury company managing WLFI tokens, which are expected to become tradable in the near future.
This story is an excerpt from the Unchained Daily newsletter.
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The company, backed by President Trump’s family, has already raised about $550 million through two public token sales and aims to position itself as a decentralized finance (DeFi) and stablecoin platform challenging traditional finance.
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World Liberty Financial Eyes $1.5 Billion Nasdaq-Listed Company to Hold WLFI Tokens: Report - Unchained
World Liberty Financial is reportedly exploring the creation of a publicly traded company listed on Nasdaq to hold its WLFI tokens, targeting approximately $1.5 billion in fundraising.
According to a Friday report from Bloomberg, the structure of the deal is still being finalized, but discussions with major investors in technology and crypto are moving along quickly.
This new entity would function as a treasury company managing WLFI tokens, which are expected to become tradable in the near future.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
The company, backed by President Trump’s family, has already raised about $550 million through two public token sales and aims to position itself as a decentralized finance (DeFi) and stablecoin platform challenging traditional finance.