What Is World Liberty Financial? The Trump Family DeFi Project Explained

US President Donald Trump has a protracted listing of crypto ventures, which might have profited round $1 billion by October 2025. DeFi mission referred to as World Liberty Monetary could possibly be the most important.

The platform, which in response to US President Trump is a co-founder websitecollectively along with his three sons, needs to make the monetary sector ‘dependable, open and made for a way the world works at this time’.

World Liberty Monetary was introduced in August 2024 by President Trump’s son Eric. It’s led by DeFi builders Chase Herro and Zak Folkman, together with different members of the Trump household and Zach Witkoff, son of longtime Trump ally Steve Witkoff.

Particulars about how the mission works are nonetheless considerably scarce. Let’s check out what we all know thus far.

An Ethereum-based DeFi mission

World Liberty Monetary’s platform is constructed utilizing the Aave protocol and has not been launched as of October 2025, however the mission says it plans to “maintain the greenback digital” and “present loans to establishments and bizarre customers.”

DeFi – quick for decentralized finance – is the sphere of the crypto trade that goals to interchange conventional banking. DeFi initiatives, monetary platforms that function with out third-party intermediaries, are normally apps constructed utilizing Ethereumthe blockchain behind the second largest cryptocurrency, ETH.

World Liberty Monetary additionally runs on Ethereum.

It is price noting that whereas there are various DeFi apps, the area continues to be a really experimental a part of the crypto trade and suffering from hacks and scams.

These within the DeFi world sometimes say they need to streamline a sluggish and costly legacy banking system, and World Liberty Monetary has so far bought itself as the last word DeFi mission: a lending and lending platform that may “unlock monetary entry for all, by changing the boundaries of conventional banking with an open, on-chain infrastructure, making a fairer system – the place alternative is not outlined by location, standing.” or consent.’

What are you able to do with World Liberty Monetary?

Whilst you cannot take out loans utilizing the platform but, you should buy the native token, WLFI, which has a market cap of $3.56 billion as of October 2025, making it the forty third largest cryptocurrency in existence, in response to CoinGecko knowledge. WLFI is out there on prime exchanges comparable to Binance, Coinbase and OKX.

The mission additionally has its personal stablecoin, USD1, operating Ethereum And BNB chainwhich one Declutter first unveiled in October 2024. The stablecoin can also be out there on main US exchanges comparable to Coin base And Cracking.

Steady cash are digital tokens pegged to the worth of fiat currencies – within the case of USD1, the US greenback. The belongings are an vital a part of the DeFi financial system (and the broader crypto financial system) as a result of merchants use them to shortly enter and exit digital asset transactions. As a substitute of utilizing {dollars} on conventional financial institution rails, digital tokens pace up the crypto buying and selling course of.

The involvement of the Trump household

President Trump is listed on World Liberty Monetary’s web site as “co-founder emeritus,” which means he’s now not concerned with the mission since taking workplace in January. His shut pal and White Home Particular Envoy to the Center East, Steve Witkoff, can also be listed as “co-founder emeritus.”

Nonetheless, the Trump and Witkoff households possible made some huge cash from the mission: Steve Witkoff’s son, Zach, and the president’s three sons, Eric, Donald Jr. and Barron, are all nonetheless actively concerned with World Liberty Monetary.

WLFI’s market cap is greater than two and a half occasions bigger than that of the meme coin President Trump launched earlier than his inauguration, Official Trump (TRUMP). The Trump household owns a good portion of the WLFI providing; their internet price grew by greater than $6 billion when the tokens began buying and selling in September.

Battle of curiosity issues

The Trump household’s involvement in WLFI has confirmed controversial. Democratic lawmakers have usually criticized the mission — and the president’s different crypto ventures. In Might 2025, Senator Elizabeth Warren took goal at a $2 billion funding from Abu Dhabi-based sovereign wealth fund MGX in main crypto change Binance, which used the USD1 token, calling it “shady”.

Distinguished Democrats within the Home of Representatives have additionally requested the Treasury Division to grant entry to all suspicious exercise studies, or SARs, on Trump’s digital asset initiatives — together with World Liberty Monetary.

Trump has repeatedly brushed apart issues about his household’s involvement in crypto ventures, together with World Liberty Monetary, claiming he “hasn’t regarded on the backside line.”