Justin Sun invests $30 million in Trump-Backed World Liberty Financial, a decentralized lending and borrowing service

World Liberty Financial (WLFI) is a decentralized finance (DeFi) platform launched in 2024, prominently backed by President Donald Trump and his family.

The project's leadership includes Donald Trump Jr. and Eric Trump, who have been actively involved in its promotion and development.

The platform's co-founders are Chase Herro and Zak Folkman, who have backgrounds in the cryptocurrency sector.

Additionally, real estate investor Steve Witkoff and his sons, Zach and Alex Witkoff, are listed as co-founders, bringing expertise from the real estate industry.

While the Trump family plays an important role in WLFI, it's important to note that the project's governance structure involves the distribution of WLFI tokens.

These tokens grant holders voting rights on platform-related matters, allowing for community-driven decision-making.

 H.E. Justin Sun 🍌 on X: "We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. 

In November 2024, Justin Sun, the founder of the Tron blockchain, has invested $30 million in World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by President-elect Donald Trump.

This investment makes Sun the largest stakeholder in WLFI, acquiring 2 billion tokens at $0.015 each.

World Liberty Financial aims to provide decentralized lending and borrowing services, with its native token, WLFI, serving as the platform's governance token.

The project has faced challenges since its launch in October, including technical issues and limited token sales. Prior to Sun's investment, WLFI had raised $21 million; his contribution increased total sales to over $51 million, still short of the $300 million target.

Sun's involvement is notable given his ongoing legal issues with the U.S. Securities and Exchange Commission (SEC), which has accused him of fraud and market manipulation.

Despite these challenges, Sun continues to make significant investments in the crypto space, including a recent $6.2 million purchase of the artwork "Comedian" by Maurizio Cattelan.

This partnership between Sun and the Trump-backed WLFI highlights the growing intersection of cryptocurrency and mainstream politics, with potential implications for the future of DeFi and blockchain adoption in the United States.

Sun's investment is expected to boost WLFI's token sales and support its goal of transforming decentralized finance.