On April 1st, according to The Block, the Trump family appears to be strengthening control over WLFI. WLFI was announced by Trump before his inauguration but remains in the development stage. According to a Reuters report released on Monday, the Trump family further consolidated control over World Liberty in January by establishing WLF Holdco LLC. Among this, DT Marks DeFi LLC holds 60% of the new company's shares and is responsible for overseeing protocol development. Although it is currently unclear who owns the remaining 40%, this adjustment suggests that WLFI co-founders Zak Folkman and Chase Herro are no longer the "controlling parties" of the platform.
So far, WLFI has raised a cumulative $550 million by selling WLFI tokens to qualified investors in the United States and non-qualified investors globally. According to documents released when the project was launched, the Trump family may receive 75% of the net proceeds from these sales.