World Liberty Financial (WLF), a DeFi project connected to Donald Trump’s family, is making a big move in crypto. The company has announced plans to build a large crypto reserve, leaving many wondering what’s next. This news came at the Ondo Summit in New York, where Donald Trump Jr. strongly supported crypto, calling it important for America’s future power.
At the summit, Trump Jr. made a surprise appearance, calling cryptocurrency the “future of American hegemony.” His remarks highlighted his belief that digital assets will be crucial in maintaining the U.S. economy’s strength.
He spoke to industry leaders about the growing influence of crypto and how it could shape global finance.
WLF has been quietly building its crypto portfolio, recently purchasing $470,000 worth of ONDO, the native token of Ondo Finance.
However, the company has also invested in Ethereum (ETH), wrapped Bitcoin (wBTC), Tron (TRX), AAVE, and Chainlink (LINK), showing a broad interest in major blockchain projects.
WLF co-founder Chase Herro shared the company’s vision for a strategic crypto reserve but did not specify its exact purpose. He noted that WLF is committed to supporting blockchain innovation and remains bullish on digital assets.
Perhaps, the idea of a crypto reserve has been in discussion since Trump’s presidential campaign. Earlier this year, Trump signed an executive action to explore the feasibility of such a reserve, fueling speculation about WLF’s potential influence on national crypto policies.
The Ondo Summit gathered key figures from both the crypto world and government, including House Financial Services Committee Chair Patrick McHenry and acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham.
Discussions focused on tokenization, regulation, and the challenges of integrating digital assets into the mainstream financial system.
While WLF has positioned itself as a DeFi lending platform, it has yet to launch operations. For now, its growing crypto portfolio raises questions about its long-term plans and the Trump family’s increasing ties to the digital asset space.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.