World Liberty Financial, a decentralized finance (DeFi) project co-founded by Chase Herro, is set to establish a “strategic reserve” using tokens it acquires.
World Liberty Financial, a decentralized finance (DeFi) project co-founded by Chase Herro, is set to establish a “strategic reserve” using tokens it acquires. The announcement was made during the Ondo Summit in New York, where Donald Trump Jr. was present alongside Herro.
The company recently purchased $470,000 worth of tokens from Ondo Finance. However, details regarding the purpose and scale of the anticipated reserve remain undisclosed. The initiative aligns with President Donald Trump’s previous discussions about creating a strategic Bitcoin reserve during his presidential campaign.
Currently, World Liberty Financial manages a treasury of approximately $35 million, a significant decrease from its previous holdings. Earlier this week, the project reportedly experienced a 90% drawdown after liquidating millions of dollars in tokens, including AAVE, ENA, ETH, LINK, and WBTC.
David Sacks, identified as Trump’s “crypto czar,” recently outlined the administration's pro-cryptocurrency agenda, which includes evaluating the potential for a strategic Bitcoin reserve. The Trump family’s backing of the project adds a notable political dimension to its operations.
While specifics about the strategic reserve are pending, the development marks a significant step for World Liberty Financial in the evolving landscape of crypto and DeFi.
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