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Trump-Backed World Liberty in Talks for $1.5B Nasdaq Crypto Treasury Spin-Off

The DeFi project plans to use a reverse takeover of a Nasdaq shell company to spin off a publicly traded treasury vehicle

Overview

  • World Liberty Financial is negotiating a $1.5 billion fundraising round with technology and crypto investors to establish a public treasury firm
  • The company intends to execute a reverse takeover of an existing Nasdaq shell to list a public vehicle holding WLFI tokens and cash
  • A recent governance vote cleared WLFI tokens for public trading after they raised $550 million as a non-transferable governance asset
  • Eric Trump and Donald Trump Jr. are expected to serve on the new company’s board, solidifying the Trump family’s leadership role
  • World Liberty also operates the USD1 stablecoin and is developing a crypto lending application to broaden its DeFi offerings