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Fortune

Catherine McGrath

Trump-backed World Liberty Financial raises $550 million in WLFI token sales

World Liberty Financial WLFI Donald Trump Zach Witkoff

(Credit: Chip Somodevilla—Getty Images)

World Liberty Financial, the decentralized finance platform backed by President Donald Trump, announced this week that it has raised a total of $550 million in a series of token sales.

"This milestone proves that those who truly understand crypto and finance recognize what we’re building—and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years," Zach Witkoff, cofounder of World Liberty Financial, said in a statement earlier this week.

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