"World Liberty Expands Collaboration with London Hedge Fund and Hong Kong Family Office, Says Trump Family"
Summary
- It was reported that the cryptocurrency project World Liberty Financial led by the Trump family is expanding its international partnerships with a London hedge fund.
- The project announced plans to launch a new USD1 stablecoin vault with Re7 Labs, and to expand onto Binance’s BNB Chain.
- Hong Kong family office VMS Group is investing up to $10 million, and the news of collaboration with World Liberty has led to a surge in the EUL price.
There are reports that 'World Liberty Financial,' a cryptocurrency project spearheaded by the Trump family, is expanding its international partnerships by joining hands with a London-based hedge fund.
According to Bloomberg on the 27th (local time), World Liberty is set to launch a new USD1 stablecoin vault in collaboration with 'Re7 Labs,' the technology division of London-based DeFi hedge fund Re7 Capital. This vault will be built on the DeFi lending protocol Euler (EUL) and Lista, and is also planned to expand to Binance's BNB Chain.
The collaboration also involves Hong Kong’s major family office, VMS Group. Bloomberg reported, "VMS will invest up to $10 million in Re7 Capital, marking the family office’s first investment in digital assets."
Meanwhile, the price of EUL was trading at $10.58 as of 22:30 on CoinMarketCap, up 21.46% from the previous day. The news of the collaboration with World Liberty is being cited as driving this strong upward trend.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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