Trump Family Crypto Project WLFI Plans to Create "Strategic" Token Reserve

PANews February 7th news, according to Bloomberg, Chase Herro, co-founder of the DeFi project World Liberty Financial (WLFI), the platform plans to create a "strategic reserve" with the purchased tokens. Herro did not specify what World Liberty’s goal is to hold the token reserve. This topic has attracted much attention since Trump pledged to establish a token reserve during his campaign last year. Last month, he signed an executive order requiring an assessment of the feasibility of creating a digital asset reserve. Donald Trump Jr. made a appearance at the Ondo Summit at the Lincoln Center Jazz Hall on Thursday, the president's latest move to showcase support for the digital asset industry.

Although World Liberty is advertised as a DeFi lending platform, it has not yet begun operations. So far, the project is known for buying niche tokens.