Trump family takes majority stake in World Liberty through new holding company
This article is machine translated
Show original
Trump's family has gained control of at least 60% of the shares in the DeFi project World Liberty Financial through the holding company WLF Holdco LLC, replacing the two co-founders as the controlling shareholders. World Liberty recently completed its second round of WLFI token sales, raising a total of $550 million, of which the Trump family can obtain up to 75% of the net proceeds from token sales and 60% of the protocol revenue. In the future, they will launch a lending market and a stablecoin USD1. (The Block)
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content