TL;DR
- World Liberty Financial (WLF) plans to create a “strategic reserve” with the cryptocurrencies it acquires, although the purpose has not been specified.
- On Thursday, WLF purchased 342,000 ONDO tokens worth $470,000, increasing its holdings in this asset.
- The platform currently has a crypto portfolio valued at approximately $35.5 million, with a large portion in USDC and Tron, and assets in other cryptos.
World Liberty Financial (WLF), the DeFi platform backed by Donald Trump, has revealed plans to build a “strategic reserve” by acquiring cryptocurrencies. This disclosure was made by Chase Herro, co-founder of the platform, during Ondo Finance’s inaugural summit in New York, although he did not specify the purpose of the reserve.
Strategic Moves in the DeFi Space
In recent days, WLF made a significant purchase of 342,000 ONDO tokens, valued at nearly $470,000, according to data from Arkham Intelligence. These tokens are linked to Ondo Finance, a DeFi project with which WLF has a direct relationship, as ONDO serves as its governance token. This acquisition is part of a series of strategic moves positioning WLF as a key player within the DeFi space.
World Liberty Financial’s cryptocurrency portfolio is currently valued at approximately $35.5 million, with a significant portion invested in stablecoins such as USDC and Tron (TRX). These acquisitions demonstrate WLF’s commitment to asset diversification and strengthening its presence in the decentralized finance ecosystem. While the purpose of the strategic reserve has not been specified, the purchase of ONDO could be an indication of how WLF is taking steps to build a resilient platform against market volatility.
The acquisition of ONDO tokens follows a previous purchase made by WLF two months ago, in which they acquired $245,000 worth of ONDO, reflecting their intention to diversify their portfolio.
Additionally, Ondo Finance’s announcement to launch its own Layer 1 blockchain, called Ondo Chain, could potentially increase the value of these assets in the near future.
This purchase also highlights the growing trend of platforms and influential figures in the cryptocurrency world creating strategic reserves to strengthen their positions in the market. President Trump has previously mentioned his interest in a “strategic reserve” of Bitcoin, and his support for cryptocurrency initiatives continues to be reflected in projects like WLF, which are shaping the future of digital finance.
With a diversified and growing portfolio, World Liberty Financial seems to be positioning itself as a key player in the crypto space, with its sights set on a more integrated and solid future within the blockchain ecosystem.
