Global Expansion: DWF Labs’ $25M Token Buy Fuels World Liberty Financial
World Liberty Financial (WLFI), a DeFi project with ties to former US President Donald Trump, is making waves with a fresh $25 million investment from DWF Labs as it sets its sights on international growth.
Crypto market maker DWF Labs announced on April 16th that they’ve snapped up $25 million worth of WLFI’s governance tokens. This move signals DWF Labs’ own expansion into the US market and their belief in WLFI’s vision.
According to DWF Labs, this investment is about more than just market expansion:
“DWF Labs’s purchase of WLF tokens shows our commitment to participating in WLFI’s governance and supporting projects that solve real-world financial problems. We see the growing need for reliable stablecoins for institutions, like USD1, and WLFI is addressing that need.”
Looking ahead, DWF Labs is also committed to providing strong liquidity for WLFI’s upcoming USD1 stablecoin. They plan to leverage their extensive global trading network across both centralized and decentralized exchanges to make sure USD1 is readily available. This strategic backing underscores DWF Labs’ dedication to promoting stablecoin adoption and expanding the usefulness of digital assets around the globe.
Zak Folkman, a co-founder of WLFI, emphasized the importance of stablecoins like USD1 in reshaping the future of global finance. He expressed great enthusiasm about DWF Labs’ support, believing it will significantly speed up the build-out of WLFI’s infrastructure for the next generation of DeFi innovation.
International Expansion on the Horizon
Adding to the excitement of the funding news, WLFI also revealed that Bilal Bin Saqib is joining their team as a strategic advisor.
Saqib, who heads Pakistan’s Crypto Council, brings a wealth of knowledge in web3 policy and adoption. His appointment, announced on April 15th, clearly points to WLFI’s ambition to expand into emerging markets.
It’s worth noting that Saqib is a Forbes 30 Under 30 honoree and has a track record of working with governments to champion blockchain education and adoption. He was also instrumental in bringing Binance’s founder, Changpeng Zhao, on board as an advisor for Pakistan’s crypto initiatives.
With this background, Saqib’s addition is expected to be a major boost to WLFI’s reach, particularly in South Asia and beyond. His involvement could be key to helping this DeFi project broaden its horizons beyond the US market and make a global impact.
