Trump’s WLFI Launches “Macro Strategy” Fund for Bitcoin, Ether, and Altcoins
The strategic reserve aims to invest in the growth of Bitcoin, Ether, and other cryptocurrencies, which are at the forefront of revolutionizing global finance.
US President Donald Trump’s blockchain platform has launched a strategic reserve fund to support the growth of some of the most prominent cryptocurrencies.
Trump’s World Liberty Financial (WLFI) decentralized finance platform has made public the “Macro Strategy” fund for Bitcoin (BTC, current price around $95,947), Ether (ETH, current price around $2,617), and other cryptocurrencies that are leading the way in reshaping global finance.
According to an announcement on Feb. 11, the fund has the goal of strengthening these projects and expanding their roles in the constantly evolving financial ecosystem:
“Together, we are building a legacy that bridges the worlds of traditional and decentralized finance, setting new standards for the industry.”
The fund intends to “enhance stability” by diversifying the platform’s holdings across a wide range of tokenized assets. This is to ensure a resilient financial system and to invest in emerging opportunities within the DeFi landscape.
The announcement comes three weeks after there was widespread speculation about the Trump family launching a “giant” business on Ethereum, as stated by Joseph Lubin, co - founder of Ethereum and founder of Consensys.
“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum,” Lubin wrote. “The Trump administration will do what is good for the USA, and that will involve ETH.”
Lubin suggested that the Trump administration might eventually integrate Ethereum technology into government activities, similar to how the internet protocols are currently used.
Trump’s WLFI Targets Institutional TradFi Partnerships
The Trump family’s DeFi platform will also be striving for more partnerships with traditional finance (TradFi) institutions, according to the announcement. It said:
“In alignment with our mission to bridge traditional finance and decentralized finance, we are actively engaging with esteemed financial institutions to contribute tokenized assets to our reserve.”
It added that TradFi institutions collaborating with WLFI’s new fund will gain visibility on the public blockchain and innovative marketing opportunities.
WLFI is about to release a comprehensive proposal for the Macro Strategy fund on its governance forum soon.
Meanwhile, the institutional adoption of Bitcoin continues. As Cointelegraph reported on Feb. 9, the University of Austin is set to raise a first - of - its - kind Bitcoin fund worth over $5 million as part of the institution’s $200 million endowment fund.