Nov 26, 2024
6thTrade
Justin Sun, the founder of Tron, has made a significant $30 million investment into World Liberty Financial (WLF), a decentralized finance (DeFi) project led by President-elect Donald Trump. This investment makes Sun the largest backer of the initiative, which is focused on blockchain and cryptocurrency innovation.
Sun expressed his confidence that the U.S. is positioning itself to become a global blockchain hub, partly due to Trump's leadership. He reiterated that TRON is committed to supporting the U.S. in advancing technological innovation. World Liberty Financial also welcomed Sun's involvement, expressing excitement about having his support.
WLF's Vision and Leadership
World Liberty Financial, championed by Donald Trump and his family, aims to integrate blockchain technology into the DeFi sector. Trump is listed as the platform's chief crypto advocate, while his sons—Eric, Donald Jr., and Barron—are serving as ambassadors for the platform’s Web3 initiatives.
The project, based in Wilmington, Delaware, originally aimed to raise $300 million, with an estimated valuation of $1.5 billion. While most of the token offering is being marketed internationally, Sun’s $30 million investment stands as the largest domestic contribution so far.
Limited U.S. Participation, Global Expansion
Currently, only accredited U.S. investors—those meeting specific financial criteria—are eligible to participate in the platform. However, WLF is open to global investors and has plans to expand its accessibility to all Americans in the future, aiming to create equal opportunities in the blockchain space.
Despite the limited U.S. rollout, World Liberty Financial had already raised $11.5 million in initial funding by October. With Sun's substantial backing, the project is poised to gain greater attention in the DeFi and blockchain sectors.
