ALT5 Sigma Corporation recently announced the closure of a $1.5 billion funding round, spearheaded by World Liberty Financial, to launch a corporate treasury strategy focused on WLFI tokens.
The funding round, disclosed on Aug. 12, involved a registered direct offering and a concurrent private placement, with shares priced at $7.50 each. Major institutional investors and crypto venture capital firms participated in the transaction, showcasing strong support for the initiative.
As part of the deal, ALT5 Sigma Corporation will hold approximately 7.5% of the total WLFI token supply, with each token valued at $0.20 following its initial pricing upon launch. Asset management for the initiative will be handled by Kraken, a renowned name in the crypto industry.
In addition to the financial aspects of the deal, significant leadership changes have taken place. Zach Witkoff, the co-founder and CEO of WLFI, has transitioned to the role of Chairman of ALT5’s board. Joining him on the board is Eric Trump, while Zak Folkman, co-founder and COO of WLFI, will serve as a board observer. Matt Morgan has been appointed as the Chief Investment Officer as part of the reshuffle.
ALT5 Sigma Corporation, established in 2018, specializes in blockchain-powered technologies for tokenization, trading, settlement, and payment solutions through its ALT5 Pay and ALT5 Prime platforms. ALT5 Prime facilitates over-the-counter digital asset trading, while ALT5 Pay enables international merchants to accept cryptocurrency payments with the option to auto-convert to fiat. The company has processed over $5 billion in cryptocurrency transactions to date.
The WLFI treasury strategy represents a significant milestone in integrating the governance token into corporate finance. Inspired by Donald Trump’s vision, WLFI is a decentralized finance protocol aimed at enhancing access to DeFi and creating tools for broader adoption.
Recent developments within WLFI include a $52.1 million private token sale in July, a $10 million investment in Falcon Finance, and the listing of WLFI’s USD1 stablecoin on Binance. The growing presence of both WLFI and ALT5 showcases the increasing convergence of traditional capital markets, decentralized finance, and political brand influence.
Overall, the collaboration between ALT5 Sigma Corporation and World Liberty Financial signifies a strategic move towards leveraging blockchain technology and decentralized finance to drive innovation in corporate treasury management.