Trump's WLF Launches Token Sale with 100,000 Investors; Adds Paxos Co-founder Rich Teo

Oct 15, 2024, 02:04 AM

Donald Trump's decentralized finance (DeFi) project, World Liberty Financial (WLF), launched its token sale on October 15, open to accredited investors in the U.S. and non-U.S. persons. The project has reported over 100,000 whitelist sign-ups, indicating significant investor interest. Rich Teo, co-founder and former CEO of Paxos, has joined WLF as the stablecoin and payment lead ahead of the sale. WLF is headed by Zachary Folkman and Chase Herro. The project aims for a $1.5 billion valuation post-raise. The launch comes three weeks before the U.S. presidential election, adding a new dimension to Trump's financial ventures.