Trump-backed World Liberty Financial tops $100M in crypto holdings following a Pakistan deal boosting its global reach.
The allegations of bribery and corruption regarding his family’s crypto ventures have resulted in a political tempest in Washington, which President Donald Trump is currently navigating. The crypto platform World Liberty Financial (WLF), which Trump’s family operates, has now exceeded $100 million in crypto holdings. The organization’s most recent agreement with Pakistan also generates significant media coverage.
World Liberty Financial has formed a partnership with the Pakistan Crypto Council
WLF has recently partnered with the Pakistan Crypto Council (PCC) to facilitate the incorporation of decentralized finance, stablecoin adoption, and blockchain innovation throughout Pakistan. Additionally, Pakistan appointed Changpeng Zhao (CZ), the founder of Binance, as its advisor last month. According to reports, the Pakistani government strives to establish Islamabad as the “crypto hub of South Asia.”
The partnership between WLF and PCC entails collaboration in critical areas, including regulating and testing blockchain financial products, promoting responsible growth of DeFi protocols, exploring tokenizing real-world assets (RWAs), and expanding stablecoin applications. The local media have reported that the co-founders of WLF have conferred with the Prime Minister of Pakistan and other high-ranking officials to finalize the agreement.
WLF’s expansion of its global presence is significantly signified by its partnership with Pakistan. A Dubai-backed fund announced earlier this year that it would use WLF’s USD1 stablecoin to acquire a $2 billion stake in Binance. This underscores the increasing influence of WLF in global crypto finance. Additionally, it has garnered substantial investments from the crypto industry, such as $75 million from Justin Sun, the founder of Tron.
The Crypto Empire of Donald Trump
The Trump family’s association with World Liberty Financial has been the subject of a heated political debate. According to media reports, President Donald Trump continues to serve as the “Chief Crypto Advocate” of WLF, which was established in 2024. According to reports, the family holds a majority stake of over 60% in WLF Holdco LLC, the parent company of WLF, and possesses 22.5 billion WLFI tokens.
Within a brief period, WLF’s cryptocurrency portfolio has experienced substantial growth. The inauguration of President Trump coincided with the acquisition of over $100 million in crypto tokens by WLF in January of this year. This acquisition comprised significant quantities of Wrapped Bitcoin (WBTC) and Ether (ETH). At that time, WLF’s crypto holdings were purportedly valued at more than $300 million due to these acquisitions. Nevertheless, the firm’s crypto portfolio experienced substantial value loss due to market volatility.
It has been progressively reestablishing its portfolio, with WLF’s cumulative crypto holdings reaching $107,483,406 as of May 16.
Nevertheless, House Democrats request an investigation into the suspicious financial activities associated with President Donald Trump’s crypto initiatives, such as WLF.
