A payments company once touted as a cornerstone of the Trump family's cryptocurrency ambitions is preparing to sell the only part of its business that generates revenue according to the Wall Street Journal, marking a dramatic reversal after a billion-dollar token deal left investors with steep losses while the Trump family collected hundreds of millions of dollars.
AI Financial, formerly Alt5 Sigma, is in talks to sell its payments subsidiary to Tokyo-based blockchain company Perpetuals.com for up to $15 million, according to the Journal. The unit generated roughly $25 million in revenue last year and is AI Financial's sole revenue-generating business.
