The Trump family’s encryption project WLFI spent 47 million to purchase the star encryption asset WBTC

On January 20, local time, Donald Trump officially took office as the 47th President of the United States. To commemorate this historical moment, the Trump family encryption project WLFI (World Liberty Financial) announced a series of crypto asset investment initiatives, including an investment in WTBC (Wrapped Bitcoin) worth $47 million. This move not only marks WLFI’s further expansion and deepening in the crypto-asset territory, but also strongly proves WBTC’s excellent competitiveness and broad development prospects in the market with its unique advantages.

WBTC (Wrapped Bitcoin) is an ERC-20 token issued by BitGo on the Ethereum blockchain, backed by a 1:1 peg to Bitcoin. Its custodian is a joint venture established by BitGo and BiT Global, focusing on diversifying WBTC's custody business and cold storage business across multiple jurisdictions.

Z Liu, director of BiT Global Trust, said that the encryption market is currently at a critical juncture, and decentralized assets - especially wrapped Bitcoin products - are gradually gaining a place. He said, “We are very pleased that President Trump has chosen WBTC. This not only demonstrates WBTC’s advantages in liquidity and transparency, but also demonstrates its convenient and low-cost transactions between cross-chain and DeFi protocols. We are convinced that WBTC will Continue to lead the deep integration of Bitcoin and DeFi ecology.”

As of now, WBTC has more than 110 partners, and has supported multiple blockchain platforms such as Ethereum, Osmosis, Kava, and Base. At the same time, it has implemented cross-chain technologies such as LayerZero to support multiple networks such as BNBChain, Solana, and Arbitrum. circulation. With its low transaction fees, extremely high liquidity, and transparent custody mechanism, WBTC has become one of the largest Bitcoin DeFi applications, providing investors around the world with more efficient and flexible asset allocation and transactions. Serve.

WLFI chose to purchase WBTC worth US$47 million. This move is not only a high recognition of the investment value of WBTC, but also a firm optimism for the future development prospects of the crypto asset field. As an important part of crypto assets, WBTC will create more opportunities for WLFI's layout in the global financial market and promote its strategic expansion and influence growth.

WLFI deployed WTBC on the first day of Trump's inauguration, which demonstrated WTBC's core advantages in the encryption ecosystem and laid a solid foundation for its in-depth integration of Bitcoin and DeFi ecosystem. In the future, WTBC is expected to continue to lead industry innovation, bring more opportunities and development space to the encryption market, and is expected to become one of the important forces leading changes in the global financial market with its outstanding performance in liquidity, transparency and cross-chain transactions. one.

In addition to WBTC, WLFI also announced the purchase of TRX (TRON token) worth US$4.7 million. This is the first Chinese project WLFI has invested in. This move not only demonstrates WLFI's forward-looking vision in the field of crypto assets, but also reflects its active support for the development of decentralized finance and blockchain technology.