Trump's crypto company launches strategic 'token reserve'

World Liberty Financial (WLF), a cryptocurrency platform financially backed by President Donald Trump, has introduced a strategic token reserve to support leading cryptocurrencies such as Bitcoin and Ethereum. This initiative seeks to mitigate market volatility and invest in decentralized finance projects. WLF is also pursuing partnerships with financial institutions to enhance this reserve with tokenized assets. 

The Trump family holds a majority stake in WLF and is entitled to 75% of its revenue and a significant number of tokens. This move aligns with Trump's broader crypto ventures, including the launch of the $Trump meme coin, which has generated substantial financial inflows. Donald Trump Jr. has publicly advocated for the future potential of crypto, emphasizing the need for regulatory frameworks to support its growth.

Source >> reuters