Protocol World Liberty Financial, supported by Donald Trump, has raised $550 million in token sales, bringing total funds to close to $600 million so far.
According to ICO Drops data, World Liberty Financial, a decentralized finance project directly linked to the Trump family, has secured $550 million by selling WLFI tokens.
The latest funding round is expected to valuate the project to more than $1.5 billion, and previous reports suggest that World Liberty Financial aims to raise $300 million to achieve its mark. So far, the project has raised $590 million since November 2024. It first won $30 million from Justin San, the founder of Chinese-born Tron.
It is unknown how many tokens were sold. Previous reports suggest that World Liberty Financial could potentially sell up to 20% of its token supply. Zak Folkman, co-founder of the project, reportedly said that over 60% of the supply will be sold to the public on X. 17% are assigned to user rewards and 20% are assigned to teams.
In mid-February, Crypto.News reported that World Liberty Financial was selling over 24 billion tokens and could purchase around 950 million tokens. When the project began in September 2024, the initial plan was to provide 20% of the 100 billion WLFI tokens.
However, with the rapid intake of tokens when prices rise, the platform appears to have decided to expand token sales, perhaps taking advantage of momentum, and raise more funds for ongoing development. “Due to massive demand and overwhelming interest, we decided to open an additional block of 5% of token supply,” the project wrote in a January 20th post on X.
