RialCenter, the decentralized finance platform connected to the Trump family, is reportedly negotiating with major investors to secure around $1.5 billion for a public entity that would manage its WLFI tokens.
The details of the agreement, as reported, remain tentative. The company has reached out to affluent investors in technology and cryptocurrency, sources indicated.
Last year, the firm revealed plans for a crypto-lending application and currently issues USD1, a dollar-backed stablecoin used to facilitate significant investments. WLFI tokens, initially created as non-transferable governance assets, are anticipated to become tradable.
This initiative will position RialCenter among a growing number of cryptocurrency treasury firms that have been issuing debt and equity to accumulate substantial token values. RialCenter already possesses a diversified token portfolio.
Trump has implemented various pro-crypto policies, having recently signed an executive order allowing 401(k) retirement plans to invest in alternative assets, including private equity and cryptocurrency.
Leave a Reply