Trump’s crypto project World Liberty Financial will form a strategic token reserve

Earlier, the project moved almost all of its assets to the Coinbase exchange

07.02.2025 - 15:30

2 min

What’s new? World Liberty Financial’s DeFi protocol co-founder Chase Herro has said that the team plans to create a “strategic reserve” of tokens from other projects. However, he did not specify what the reserve would be used for or how large it would be. World Liberty Financial is backed by the family of Donald Trump, who is also an advocate of creating a national bitcoin reserve in the United States.

Material by The Block

What else is known? On February 6, the president’s son Donald Trump Jr. appeared on stage with Herro at the Ondo Summit in New York City. That same day, World Liberty Financial bought $470 000 worth of Ondo Finance tokens, according to Bloomberg.

Earlier this week, Trump’s crypto advisor David Sacks laid out the administration’s agenda, including a plan to evaluate the creation of a strategic BTC reserve.

Earlier this week, World Liberty Financial moved nearly all of its savings in ETH, AAVE, ENA, LINK tokens, and WBTC-wrapped bitcoins to a Coinbase Prime deposit address. It currently holds $35 million worth of cryptocurrencies in its treasury or roughly 10% of its original $363 million stockpile.

House of Representatives says Trump’s crypto projects threaten national security

A Democratic representative called for an investigation into the president’s handling of digital assets

The project previously held over $175 million in ETH alone, making this token the project’s largest accumulation. AAVE, ENA, and LINK totaled about $30 million. The team sent these coins to the exchange using several dozen anonymous addresses as intermediaries.

Notably, the World Liberty team apparently did not move its position in native tokens of the TRON (TRX) blockchain to the exchange, which it bought after TRON founder Justin Sun invested $75 million in the project and joined as an advisor.

On the day of Trump’s inauguration, World Liberty purchased $112,8 million worth of various tokens, mostly in blocks of 4,7 million or $47 million, as Trump became the 47th President of the United States.

Author: