Key takeout
- World Liberty Financial is partnering with SUI Blockchain for product development and will add SUI assets to Macro Strategy Reserve.
- Macro Strategic Reserve aims to diversify its holdings, including assets such as Bitcoin, Ethereum and US Treasury-backed tokens.
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World Liberty Financial (WLFI), a Trump family-backed DEFI project, is partnering with SUI blockchain to explore product development Opportunities and According to a release Thursday, there are plans to include SUI assets in the “Macro Strategy” fund.
“As part of this collaboration, WLFI includes SUI as a strategic token reserve designed to enhance major Web3 projects. WLFI and SUI have begun exploring product development opportunities,” Sui writes in X.
The goal of the Macro Strategy Fund, launched last month, is to promote a more open and transparent financial system. The project aims to support crypto assets “at the forefront of reshaping global finance” through diverse holdings across tokenized assets.
With the new partnership, SUI, the native coin of the SUI network, will soon be participating in a wide range of digital assets such as Bitcoin, Ether and USD coins, as well as Defi protocol tokens such as ChainLink (Link) and Ondo Finance (ONDO).
“Web3 ambassador for WLFI,” said Eric Trump, WLFI's Web3 ambassador.
By explaining his decision to team up with Zak Folkman, co-founder of World Liberty Financial, SUI said that it has the innovation and market traction needed to advance Defi adoption in the US in line with WLFI's mission.
“We chose SUI for its American-born innovation combined with impressive size and recruitment, which naturally complements our mission to bring decentralized finances to more Americans,” Faulkman said.
According to Christian Thompson, managing director of the SUI Foundation, the strategic collaboration between the two entities is a “strong vote of confidence” for SUI's technology and long-term vision.
“WLFI recognizes what we've been building. It's a blockchain designed for a fast, secure, accessible financial future,” Thompson said, adding that the team is engaged in “advanced talks” to deepen integration of SUI through WLFI's CEFI and debt starting point.
“We're committed to providing a range of services to our customers,” said Evan Cheng, co-founder and CEO of Mysten Labs, a former contributor to SUI.
SUI has emerged as one of the fastest growing layer 1 blockchains, achieving decentralized exchange volumes of over $70 billion and accumulating over 67 million accounts.
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