World Liberty Financial aims global as DWF Labs acquire $25 million of its token
World Liberty Financial (WLFI), a DeFi initiative linked to US President Donald Trump, has secured a $25 million investment from DWF Labs as it expands internationally.
On April 16, the crypto market maker revealed that it acquired $25 million worth of WLFI’s governance tokens as part of its expansion into the US market.
According to the firm:
“DWF Labs’s purchase of WLF tokens underscores its desire to participate in WLFI governance and focus on projects addressing real-world financial needs, as evidenced by the growing demand for institutional-ready stablecoins like USD1.”
DWF Labs also plans to offer deep liquidity for WLFI’s upcoming USD1 stablecoin by tapping into its global trading network across centralized and decentralized platforms. This strategic support highlights its role in driving stablecoin adoption and expanding digital asset utility worldwide.
Zak Folkman, co-founder of WLFI, said stablecoins like USD1 are critical to reshaping global finance. He expressed confidence that DWF Labs’ backing will accelerate the development of WLFI’s infrastructure for the next generation of DeFi applications.
International expansion
Alongside the funding news, WLFI announced that Bilal Bin Saqib has joined the project as a strategic advisor.
Saqib leads Pakistan’s Crypto Council and brings deep experience in web3 policy and adoption. His appointment, announced on April 15, signals WLFI’s interest in expanding into emerging markets.
Notably, the Forbes 30 Under 30 honoree has worked with governments to promote blockchain education and adoption. He also played a pivotal role in bringing Binance founder Changpeng Zhao on board as an advisor to Pakistan’s crypto initiatives.
Considering this, Saqib’s addition is expected to strengthen WLFI’s outreach in South Asia and beyond. His involvement could help the DeFi project extend its offerings beyond the US market.
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World Liberty Financial aims global as DWF Labs acquire $25 million of its token
World Liberty Financial (WLFI), a DeFi initiative linked to US President Donald Trump, has secured a $25 million investment from DWF Labs as it expands internationally.
On April 16, the crypto market maker revealed that it acquired $25 million worth of WLFI’s governance tokens as part of its expansion into the US market.
According to the firm:
“DWF Labs’s purchase of WLF tokens underscores its desire to participate in WLFI governance and focus on projects addressing real-world financial needs, as evidenced by the growing demand for institutional-ready stablecoins like USD1.”
DWF Labs also plans to offer deep liquidity for WLFI’s upcoming USD1 stablecoin by tapping into its global trading network across centralized and decentralized platforms. This strategic support highlights its role in driving stablecoin adoption and expanding digital asset utility worldwide.
Zak Folkman, co-founder of WLFI, said stablecoins like USD1 are critical to reshaping global finance. He expressed confidence that DWF Labs’ backing will accelerate the development of WLFI’s infrastructure for the next generation of DeFi applications.
International expansion
Alongside the funding news, WLFI announced that Bilal Bin Saqib has joined the project as a strategic advisor.
Saqib leads Pakistan’s Crypto Council and brings deep experience in web3 policy and adoption. His appointment, announced on April 15, signals WLFI’s interest in expanding into emerging markets.
Notably, the Forbes 30 Under 30 honoree has worked with governments to promote blockchain education and adoption. He also played a pivotal role in bringing Binance founder Changpeng Zhao on board as an advisor to Pakistan’s crypto initiatives.
Considering this, Saqib’s addition is expected to strengthen WLFI’s outreach in South Asia and beyond. His involvement could help the DeFi project extend its offerings beyond the US market.
The post World Liberty Financial aims global as DWF Labs acquire $25 million of its token appeared first on CryptoSlate.
Читать больше
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