Trump's WLFI project launches contingency fund to support BTC and altcoins

 

WLFI will create a strategic reserve aimed at supporting leading cryptocurrencies and increasing crypto market stability

  Trump family-backed platform World Liberty Financial (WLFI) announced the launch of the Macro Strategy fund to support bitcoin (BTC), Ethereum (ETH) and other altcoins.  

New backup crypto fund from WLFI

  According to a statement from WLFI, Macro Strategy will invest in projects that are “at the forefront” of change in global finance.   The initiative aims to support major cryptocurrencies like bitcoin, Ethereum and other popular assets. For this purpose, a number of collaborations are planned with giants from the traditional finance sector (TradiFi). These companies are expected to contribute tokens to their reserves and participate in joint marketing campaigns.   All assets will be stored on public wallets owned by WLFI, the project representatives noted.   

“By diversifying our assets among a wide range of tokenized assets, we aim to reduce market volatility and provide a sustainable financial ecosystem,” the statement said. 

 

The Trump family and the crypto market

  Earlier at the summit of the decentralized protocol Ondo Finance, the founder of WLFI said that the project intends to launch large projects based on Ethereum. At the same time, the Trump family's decentralized platform bought $470,000 worth of ONDO tokens.   Over the past few weeks, the WLFI platform has added Aave, LINK, TRX, ENA and ETH to its portfolio. According to Arkham, the project now has over $38.8 million in various cryptocurrencies under management.     At the end of January, it became known that Trump Media and Technology Group (TMTG), which manages the social network Truth Social, launched a financial division Truth.Fi.   As part of the division TMTG is going to invest $250 million in bitcoin and other crypto-assets. For this purpose, the US President's media company has applied to launch the Bitcoin Plus ETF.