- World Liberty Financial is set to launch a strategic token reserve, expanding its crypto holdings.
- WLF leaders and industry officials meet at Ondo Finance’s inaugural summit on Thursday.
World Liberty Financial co-founder Chase Herro revealed their plans to create a strategic token reserve with their crypto holdings. During the recent Ondo Finance inaugural summit, Trump Jr. made a surprise appearance and introduced Chase Herro. WLF co-founders and industry leaders met at the summit on Thursday and discussed tokenization, regulation, and more things crypto.
Based on a recent report from Bloomberg, the Trump-backed World Liberty Financial’s plans to create a token reserve with its ever-increasing crypto holdings. Apart from Donald Trump Jr., Chase Herro, other WLF co-founders Zak Folkman and Zach Witkoff were also present at the summit. Trump Jr. expressed his strong belief in the digital asset industry and how it will shape the economy in the US.
At the Ondo Finance summit, most of the renowned industry leaders and delegates such as Chair of the House Financial Services, CFTC Chair discussed on length about crypto regulation. Christopher Giancarlo stated,
“The promises are being delivered on. It’s one thing to get rid of bad policy of the last four years. It’s getting to good policy that is challenging,”
referring to the Trump administration’s plans for the crypto industry.
World Liberty Financial Acquires ONDO Among Other Digital Assets
Trump's World Liberty(@worldlibertyfi) just spent 470K $USDC to buy 342K $ONDO again.https://t.co/UeDdWJIRag pic.twitter.com/FSqYc9Tw9c
— Lookonchain (@lookonchain) February 6, 2025
The Trump family’s WLF added a staggering $470,000 worth of ONDO tokens to its crypto holdings. When Ether’s price dropped and Eric Trump posted that it’s the right time to buy Ether, WLF purchased around tens of millions worth of ETH. LINK, AAVE, ENA, and wBTC are some of the other crypto investments by WLF.
While Donald Trump promised to create a Bitcoin reserve, the WLF announced plans to create a digital asset token reserve. On the other hand, the crypto executive order signed by Trump stated the Working Group will be “evaluating” a strategic Bitcoin reserve.
Nonetheless, Trump’s pro-crypto stance is evident that the crypto industry is going to play a critical role in shaping the US economy. While WLF was launched as a DeFi lending platform, so far its operations are only limited to acquiring crypto tokens. This is raising questions among industry officials.
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