World Liberty Financial, a crypto venture affiliated with the Trump family, is pursuing a $1.5 billion fundraising initiative through a publicly traded company, ALT5 Sigma Corporation, to establish a treasury strategy centered on its WLFI token. ALT5 Sigma, a Nasdaq-listed fintech firm focused on blockchain-powered digital asset trading and payment processing, completed a $1.5 billion registered direct offering and private placement, with World Liberty Financial subscribing via WLFI tokens. Post-deal, ALT5 Sigma will hold approximately 7.5% of the total WLFI token supply. Eric Trump has joined the board of ALT5 Sigma, while Zach Witkoff, co-founder of World Liberty Financial, was named chairman. The move marks the first instance of a publicly traded company making the WLFI token a reserve asset alongside Bitcoin and Ethereum. The WLFI token's pre-market fully diluted valuation reached $36 billion ahead of its anticipated launch. The Trump family's crypto ventures, including World Liberty Financial, have generated approximately $2.4 billion since 2022, representing 43.5% of Donald Trump's known personal wealth accumulated during his political career. Eric Trump has publicly stated that investing billions into Bitcoin and crypto is driven by the industry's rapid growth and the family's experience of being cut off from traditional banking services. Additionally, World Liberty Financial has selected Plume as the exclusive real-world asset chain for its planned $1 stablecoin, aiming to bring substantial liquidity into the crypto sector. The collaboration between World Liberty Financial and ALT5 Sigma was highlighted by their joint ringing of the Nasdaq opening bell, symbolizing a convergence of traditional finance and digital assets.
🚨 CMC News: Trump Crypto Ventures Generate $2.4B Since 2022. 🔗 https://t.co/fuSSh7TMT1 https://t.co/pMuOWyyxEa
$WLFI is about to make its entrance. World Liberty + ALT5 Sigma just rang the Nasdaq opening bell, and tomorrow’s launch is set to hit with full force. 🔥 Who’s been getting their bags ready for this one? 🚀 https://t.co/TWVHDcOzVq
$WLFI | BREAKING: @WorldLibertyFI's @EricTrump & @ALT5_Sigma just rang the @Nasdaq Opening Bell — marking a crossover moment between Wall Street prestige and the digital assets frontier 🚨 https://t.co/tmYK4PG3Mz