Company Linked to Trump Family Slashes Equity Stake in World Liberty Financial Crypto Project

A corporate entity linked to President Donald Trump and his family quietly slashed its equity stake in the decentralized finance (DeFi) platform World Liberty Financial (WLFI). The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty. Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial. Forbes first reported the change. World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.” The downsizing of Trump’s equity stake materializes as he has reportedly pocketed tens of millions of dollars in income from World Liberty. A recent report from the New York Post, citing records released by the Office of Government Ethics, indicates that Trump’s stake in WLFI raked in just over $57.3 million, one of his largest sources of income in the past year. World Liberty launched the stablecoin USD1, which is designed to keep a 1:1 peg to the US dollar, in March. Follow us on X , Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Company Linked to Trump Family Slashes Equity Stake in World Liberty Financial Crypto Project appeared first on The Daily Hodl .

Source: The Daily Hodl