World Liberty Financial pushes for the establishment of a crypto treasury company… Structure holding WLFI and cash
Suehyeon Lee
Summary
- World Liberty Financial has announced preparations to establish a crypto treasury company.
- The company revealed it plans to structure holdings of both WLFI tokens and cash.
- It also announced plans to raise $1.5 billion to increase capital for the new corporation.
World Liberty Financial (WLFI), led by the family of former U.S. President Donald Trump, is reportedly preparing to establish a crypto treasury company.
According to an investment proposal reviewed by Fortune on the 8th (local time), World Liberty Financial is set to announce the establishment of a crypto treasury company that will hold both its own token WLFI and cash.
The proposal includes plans for Eric Trump and Donald Trump Jr. to join the board, with $1.5 billion (approximately ₩2 trillion) to be raised to secure capital for the new corporation.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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