DWF Labs "Expanding into the US... Acquiring $25 million worth of World Liberty Financial"
Summary
- DWF Labs announced its intention to expand into the US market by acquiring World Liberty Financial for $25 million.
- DWF Labs stated that it has established a new office in New York, USA, and supports the vision for decentralized finance (DeFi), aiming to build financial infrastructure.
- Through this expansion, they plan to actively pursue strengthening partnerships with banks and fintech companies and expanding liquidity supply for USD1.
Cryptocurrency market maker DWF Labs has announced its acquisition of World Liberty Financial (WLFI), signaling its intention to expand into the US market.
On the 16th (local time), DWF Labs announced on its official X (formerly Twitter) that it had strategically acquired WLFI worth $25 million (approximately 35.5 billion KRW) and would actively pursue entry into the US market. They further stated, "We support World Liberty Financial's vision for decentralized finance (DeFi) and will actively work on building financial infrastructure," adding, "To this end, we have established a new office in New York, USA."
Through this entry into the US market, DWF Labs plans to actively support strengthening partnerships with banks and fintech companies in the US, expanding recruitment of talent in the cryptocurrency field, increasing interaction with policy institutions, and expanding liquidity supply for USD1.
Meanwhile, USD1 is a dollar-based stablecoin launched by World Liberty Financial, a cryptocurrency project of the Trump family.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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