- World Liberty Financial is opening its WLFI crypto token to the public after a recent community vote.
- The token was previously available only to accredited investors.
- WLFI is the governance token for a decentralized finance (DeFi) platform offering crypto lending and borrowing services.
- The project is backed by former President Donald Trump and his family, and has reported large revenues from the token sale.
- No official exchange listings for WLFI have been named, and some tokens will unlock gradually over time.
The World Liberty Financial (WLFI) token, previously limited to accredited investors, will soon become available to the general public following a community vote. The Ethereum-based platform aims to increase community participation and access, allowing wider ownership of its governance token.
According to the project’s website, WLFI holders can vote on protocol changes and trade the token on exchanges once unlocked. The website stated that some tokens would be unlocked for sale soon, while others will remain locked for longer periods.
“This would mark a major milestone in the development of the World Liberty Financial ecosystem and opens the door for broader community participation, access, and protocol development,” the website explained. Specific details about where the token will be listed have not been provided, although the site referenced strong demand from both partners and community members.
World Liberty Financial describes itself as a decentralized finance, or DeFi, company. These DeFi projects use blockchain to provide financial services without intermediaries, such as banks. The platform is led by DeFi developers Chase Herro and Zak Folkman, along with members of the Trump and Witkoff families. It was first mentioned by Eric Trump last year.
Although WLFI is intended for a crypto borrowing and lending platform, the project itself has not yet launched. Details about its rollout remain limited. DeFi projects are considered high-risk, and they are often subject to security breaches and market volatility.
Several lawmakers, especially Democrats, have raised concerns about potential conflicts of interest, as the Trump family has earned significant amounts from token sales. Recently, Donald Trump disclosed a $57.3 million gain from selling the project’s tokens.
Decrypt reached out to World Liberty Financial for comment but did not receive a response.
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