World Liberty Financial, a crypto venture backed by Donald Trump and the US president’s family, is sounding out investors for a $1.5bn fundraising round meant to set up a public company that will hold its WLFI tokens, Bloomberg News reported on Friday.
The structure of the deal is yet to be finalized, the report said, citing people familiar with the matter, adding that large investors in the crypto and tech space had been approached for the venture.
Reuters could not immediately verify the report. World Liberty did not immediately respond to a Reuters request for comment.
World Liberty – a “decentralized platform” which counts Trump and his sons Eric and Donald Jr as co-founders, according to its website – has earned the family $500m since its launch, according to Reuters’ calculations.
World Liberty tokens, known as $WLFI, are not classified as securities by the Securities and Exchange Commission (SEC) and are hence not…
