A recent Reuters report has revealed that the Trump family holds a significant stake in World Liberty Financial (WLF), a decentralized finance (DeFi) platform. According to the report, Donald Trump and his family control at least 60% of the firm through a separate holding entity, marking a major development in the Trump family’s involvement in the cryptocurrency sector.
World Liberty Financial was initially introduced and publicly supported by Eric Trump, the eldest son of former U.S. President Donald Trump. The platform has made headlines in recent months due to its acquisitions of various crypto assets.
The latest developments also include changes in the company’s leadership. Co-founders Zak Folkman and Chase Herro have been removed from their positions as “controlling parties,” with the new leadership yet to be disclosed.
The Reuters report further detailed the ownership structure, revealing that DT Marks DEFI LLC, a company affiliated with Donald Trump and his family, owns approximately 60% of WLF Holdco LLC, which in turn holds the sole membership interest in World Liberty Financial Inc. The company is registered as a non-stock corporation in Delaware and is responsible for developing the WLF protocol and managing the platform’s governance.
While the ownership of the remaining 40% of the company has not been disclosed, the Trump family’s stake has significant financial implications. According to Reuters, the family is entitled to 75% of the net revenues from token sales and 60% of the operations once the business is fully operational, which could translate into around $400 million in fees. After the co-founders take their share, the remaining $550 million raised to date to fund the platform would leave only 5% for the crypto venture itself.
Since its announcement in October, Donald Trump has been named World Liberty’s “chief crypto advocate,” while his sons, Eric and Donald Jr., have taken on roles as “Web3 ambassadors.” Eric Trump also serves as a board member of WLF Holdco LLC, while Barron Trump, Donald Trump’s youngest son, is listed as the platform’s “chief DeFi visionary.”
Other notable individuals associated with World Liberty Financial include Zach Witkoff, the son of former Trump Middle East envoy Steven Witkoff, and Rich Teo, co-founder of the blockchain infrastructure firm Paxos.
The Trump family’s extensive involvement in World Liberty Financial signals their growing influence in the cryptocurrency and decentralized finance sectors.
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