Eric Trump, son of U.S. President Donald Trump, announced that World Liberty Financial (WLFI) will soon be listed on CoinMarketCap, a leading cryptocurrency data platform. In response to X users asking, “Will WLFI join the top 10 on CoinMarketCap?” Eric Trump replied, “Yes.”
(Source: Eric Trump on X)
The revelation comes after a UAE-based Web3 investment fund announced a big investment for a Trump-linked project. Aqua 1 Foundation has committed $100 million to World Liberty Financial (WLFI), a blockchain venture majority-owned by the Trump family, in a deal that raises fresh concerns over foreign influence and political conflicts of interest.
The investment makes Aqua 1 the largest single investor in WLFI, which will also grant substantial governance rights over the platform’s development. The Capital will accelerate WLFI’s expansion of its USD1 stablecoin and its push into asset tokenization, including real estate and commodities.
The partnership also includes plans to co-develop BlockRock, an institutional-grade real-world asset (RWA) tokenization platform, and support the launch of Aqua 1’s UAE-based digital economy investment vehicle, Aqua Fund.
A Trump Family’s Crypto Venture ‘WLFI’ Under Scrutiny
WLFI, founded in 2024, is largely owned by DT Marks DEFI LLC, a Trump-owned controlled entity that holds 60% of the company (after a recent reduction from 75%). It is entitled to 75% of net revenues from token sales.
Eric Trump and Donald Trump Jr. are actively involved in management, while Barron Trump is listed as the project’s “DeFi visionary.”
The Trump family’s cryptocurrency venture faced scrutiny following Eric Trump’s May announcement that MGX, an Abu Dhabi-based investment firm, would utilize the platform’s USD1 stablecoin to settle a $2 billion investment in Binance.
Government ethics watchdogs have long warned about potential influence peddling in cases where foreign entities invest in businesses linked to political leaders.
Earlier, WLFI, the issuer of the USD1 stablecoin, has publicly rejected a Senate probe into its operations, calling the investigation “politically motivated” and lacking merit. The defiant response comes after Senator Richard Blumenthal revealed his office had launched a preliminary inquiry on May 6 into WLFI’s political connections and foreign investment sources.
The inquiry focuses on potential national risks and ethical concerns around WLFI’s ties to President Donald Trump, whose family holds a majority stake in the company.
Blumenthal’s formal letter demands extensive documentation from both WLFI and Fight Fight Fight LLC, the entity behind the Trump-backed memecoin ($TRUMP), alleging possible violations of federal ethics laws.
The senator claims these ventures may have improperly benefited Trump and his associates while engaging with foreign investors.
Also Read: US Sen. Adam Schiff Proposes to Ban Presidents and Their Families From Profiting Off Crypto
