The Crypto DWF Labs market manufacturer has announced an investment of $ 25 million in World Liberty Financial, the decentralized finance project (DEFI) supported by US President Donald Trump and his sons, while the company is developing in the United States with an office in New York.
On April 16, DWF Labs, based in Dubai, said that he bought World Liberty Financial (WLFI) tokens through a private transaction.
The company said the transaction reflects its intention to participate in WLFI governance. As chip holders, DWF laboratories will be able to vote on decisions that have an impact on the ecosystem.
WLFI launched on September 16, 2024 to promote the stablescoins of Defi and US Dollar. During the launch, Trump said that the family “kissed the future with the crypto and left behind the big slow and obsolete banks”.
DWF Labs to provide liquidity for USD1 Stablecoin
In addition to the investment of the WLFI, DWF Labs said that collaboration includes the liquidity of the project stable, World Liberty Financial USD (USD1).
On March 24, the DEFI project launched USD1 on the BNB and Ethereum channel. However, the project said that the stablecoin was not yet negotiable.
DWF Labs is a market market that provides liquidity to more than 60 exchanges around the world. A market market allows merchants to execute their businesses by providing liquidity. They make or take commands of merchants, allowing smooth negotiation operations.
Investment coincides with DWF’s expansion in the United States. The market market said it had created an office in New York as part of its global expansion plans.
The company expects expansion to improve its institutional partnerships with banks, asset managers and fintech companies. It also aims to strengthen its commitment with American regulators.
WLFI has raised more than $ 600 million since its launch
Since its launch in September, World Liberty Financial has already raised more than $ 600 million for its DEFI protocol.
The company raised $ 300 million during its first sale of tokens by selling 20 billion WLFI tokens. The company sold 5 billion additional tokens to $ 0.05 each, achieving its price target of an additional $ 250 million on March 14.
On November 25, the founder of Tron Justin Sun bought 2 billion WLFI tokens for $ 30 million. The web investment platform3port has also announced a WLFI investment of $ 10 million, while the venture capital company Oddiyana Ventures has announced a strategic investment without disclosing the amount.
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