Trump-backed World Liberty Financial announces plans to create a strategic token reserve

World Liberty Financial’s co-founder, Chase Herro, revealed at the recent ONDO Summit event that the Trump-backed venture was planning to create a strategic token reserve using the company’s accumulated crypto assets. A recent Bloomberg report stated that Herro still did not disclose the venture’s plans for creating a strategic reserve.

The recent World Liberty Financial update has raised speculations about the DeFi venture’s true goals and possible conflict of interest for the president’s family. The Trump family has been actively promoting the DeFi venture on social media and public appearances. The report mentioned that businesses could benefit from Trump’s position to change digital asset finance regulations. 

The report further highlighted that the venture’s plans come after several steps by U.S. President Donald Trump to create a U.S. Bitcoin strategic reserve. Christopher Giancarlo, former chair of the U.S. CFTC, commented on the possible regulatory changes under Trump’s administration, pointing out that the hard part would be creating good crypto regulations.

Herro spoke during the summit alongside other Word Liberty Financial officials, including Zak Folkman and Zach Witkoff. President Trump’s eldest son, Donald Trump Jr., introduced Herro to the panel during the New York summit. The panel touched on other digital finance-related topics, including how crypto could shape the future of finance. Herro and the other executives also discussed crypto regulations and real-world asset tokenization.

The blockchain project notably launched an exclusive RWA tokenization Layer 1 chain, the ONDO Chain, during the summit to cater to institutional-grade RWA tokenization. The blockchain also mentioned its partners and advisors in the ONDO Chain creation, including Franklin Templeton, Google Cloud, McKinsey, ABN Amro, WisdomTree, and Wellington Management. 

The Trump-backed venture accumulates more tokens

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

World Liberty Financial has been accumulating crypto since its launch in October last year, with its portfolio featuring USDT, USDC, ONDO, ETH, STETH, and more. Lookonchain data revealed that the DeFi venture had made the latest crypto purchase worth $470,000 USDC to acquire about 314,000 ONDO on February 6. Arkham Intelligence data further indicated that the latest purchase boosted World Liberty Finance’s ONDO holdings to over 342,000, worth about $465,000 at the token’s current price. 

The company also accumulated millions in crypto on January 21 to celebrate President Trump’s inauguration. Spot On Chain data showed that the venture accumulated crypto worth over $185 million on the inauguration day, including ETH and wBTC worth $47 million each. World Liberty Financial also accumulated TRX, AAVE, ENA, and LINK, which are worth $4.7 million each. 

The DeFi venture further purchased 4 Ethereum domain names: worldliberty.eth, trumpcoin.eth, barrontrump.eth, and erictrump.eth. The ENS domain name purchases sparked rumors of more memecoins from the Trump family. The speculations came after the launch of President Trump’s memecoin, OFFICIAL TRUMP, and Melania Trump’s, MELANIA. The memecoins’ prices surged before and during the Trump inauguration but later corrected. 

World Liberty Financial offloads about 90% of its crypto assets’ worth

World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.

Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U

— Spot On Chain (@spotonchain) February 4, 2025

Spot On Chain data highlighted the Trump-backed company moved multiple assets on February 4. The asset movement led to speculations that the company was selling its assets. Spot On Chain showed that World Liberty Financial moved over $307 million in 8 assets to Coinbase Prime. The on-chain analytics website mentioned that the transfers were part of the venture’s plans for treasury management and business operations. 

The Trump-backed company recently tweeted that the recent transfers were routine asset movements to handle payments, fees, and working capital requirements. World Liberty Financial also confirmed that it was not selling tokens but only transferring assets for business purposes. 

The transfers brought World Liberty Financial’s portfolio to around $35 million from the previous over $300 million. The venture also lost over $50 million in the recent market plunge after Trump’s new tariffs caused market uncertainty. Arkham Intelligence data indicated that wBTC, LINK, TRX, and ENA are no longer part of the venture’s assets. The venture has still accumulated several memecoins, including PEPE and PEOPLE.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now