Company Linked to Trump Family Slashes Equity Stake in World Liberty Financial Crypto Project
A corporate entity linked to President Donald Trump and his family quietly slashed its equity stake in the decentralized finance (DeFi) platform World Liberty Financial (WLFI).
The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty.
Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial. Forbes first reported the change.
World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.”
The downsizing of Trump’s equity stake materializes as he has reportedly pocketed tens of millions of dollars in income from World Liberty.
A recent report from the New York Post, citing records released by the Office of Government Ethics, indicates that Trump’s stake in WLFI raked in just over $57.3 million, one of his largest sources of income in the past year.
World Liberty launched the stablecoin USD1, which is designed to keep a 1:1 peg to the US dollar, in March.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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