The Trump family has gained a major share of World Liberty Financial (WLFI) and revenue from token sales and future fees in a new development. This has led to talks that President Donald Trump’s family has taken over the blockchain-based financial project.
This change was first noticed in a review of the company’s website, reported by Reuters on March 31. The report revealed that the company’s original co-founders, Zak Folkman, and Chase Herro, were removed from their leadership positions.
They are reportedly replaced by an organization in which the Trump family holds a majority stake. This marks a major shift in WLFI’s ownership and leadership.
According to Reuter’s report, the Trump family gained control of WLFI through their company, DT Marks DeFi LLC. In January 2025, this company acquired a 60% share in WLFI through a new holding company called WLF Holdco LLC.
Under this new structure, the Trump family now controls WLFI’s finances, with the majority of control over the platform and its revenue. They are entitled to 60% of the company’s operating profits and 75% of the revenue from token sales.
According to Reuters, the Trump family is expected to earn about $400 million from the funds raised. Meanwhile, after the co-founders take their share, only 5% of the total $550 million raised is left for platform development.
This has raised concerns about whether World Liberty Financial is truly focused on building a decentralized financial system or has become a profit-driven venture for its new owners.
WLFI was launched in 2024 to offer blockchain-based financial services and cut out traditional banks. The platform raised funds by selling its governance token, WLFI, which lets holders vote on key decisions. One of its major investors is Tron founder Justin Sun, who contributed $75 million to the project.
Although WLFI was designed to support decentralized finance (DeFi), its new leadership structure raises questions. Critics believe the Trump family’s political ties could lead to conflicts of interest, making the platform less open to outside investors. Some argue that WLFI is now too centralized, contradicting the original DeFi vision.
The Trump family’s growing involvement in cryptocurrency does not stop with WLFI. On March 31, Donald Trump Jr. and Eric Trump launched American Bitcoin, a mining company. The Trump brothers secured a partnership with crypto infrastructure firm Hut 8, a well-known Bitcoin mining company.
Hut 8 owns 80% of American Bitcoin, while Donald Trump Jr. and Eric Trump own the remaining 20%. This move signals the Trump family’s deeper involvement in the crypto industry, suggesting they see blockchain and crypto assets as key financial opportunities.
The post Trump Family Now Own Majority of World Liberty Financial: Report appeared first on BitcoinLinux.com.
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