World Liberty Financial, a decentralized finance project backed by the Trump family, has successfully raised $550 million in its latest token sale, bringing its total funding to nearly $600 million. The project’s valuation now stands at over $1.5 billion, surpassing its initial target of $300 million. Since November 2024, World Liberty Financial has raised a total of $590 million, starting with an initial investment of $30 million from TRON founder Justin Sun.
It is unclear how many WLFI tokens were sold in the recent funding round, but reports suggest that the project may have sold up to 20% of its total token supply. Co-founder Zak Folkman previously mentioned that over 60% of the token supply would be sold to the public, with 17% allocated for user rewards and 20% for the team.
In mid-February, the project announced that it had sold over 24 billion tokens, leaving around 950 million tokens available for purchase. Originally, World Liberty Financial had planned to offer 20% of its 100 billion WLFI tokens to the public. However, due to high demand and strong interest, the platform decided to open up an additional block of 5% of the token supply to meet the growing demand.
The project’s decision to extend its token sale reflects the overwhelming interest from investors and the desire to capitalize on the momentum to raise more funds for ongoing development. In a post on X, World Liberty Financial announced the decision to open up the additional token supply, indicating the strong demand for its WLFI tokens.
Overall, World Liberty Financial’s successful token sale and rapid fundraising efforts highlight the growing interest in decentralized finance projects and the significant support behind the project backed by the Trump family. With a valuation of over $1.5 billion, World Liberty Financial continues to attract attention and investment in the cryptocurrency space.