Trump’s World Liberty Financial Plans to Create ‘Strategic’ Token Reserve
- WLF bought $470,000 worth of ONDO tokens on Thursday
- Co-founder didn’t say what purpose the reserve would serve
The World Liberty Financial logo and website.
Photographer: Timon Schneider/SOPA/Sipa/AP
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Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.
Herro was introduced by Donald Trump Jr., who sat on a panel with World Liberty co-founders Zak Folkman, Zach Witkoff and Herro at startup Ondo Finance’s inaugural summit in New York. Zach is the son of Steve Witkoff, a close-ally to Trump who helped connect the President’s family to World Liberty Financial’s founders, but has since been picked to be Trump’s envoy to the Middle East.