- Justin Sun announced that TRON invested $30 million in Donald Trump's World Liberty Financial.
- TRON Foundation has now become the platform's largest investor.
- World Liberty Financial recently integrated Chainlink data to boost adoption.
Donald Trump-backed DeFi platform, World Liberty Financial, received new support on Monday after Tron founder Justin Sun announced that the Tron Foundation had invested $30 million into the president-elect's platform, making them its largest financial supporter.
Justin Sun invests in World Liberty Financial amid slow token sales
Justin Sun, founder of Tron, has announced an investment of $30 million in World Liberty Financial (WLFI), a DeFi platform backed by President-elect Donald Trump.
The investment is aimed at boosting World Liberty's growing presence in the DeFi industry and the support of the incoming president.
"We are thrilled to invest $30 million in World Liberty Financial as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to Donald Trump. TRON is committed to making America great again and leading innovation," Justin Sun posted on X.
World Liberty Financial (WLFI) is a decentralized finance (DeFi) project launched in September 2024 aimed at providing lending and borrowing services through its governance token.
This investment positions Sun as the largest World Liberty Financial investor despite the project's initial lukewarm reception. WLFI faced slow adoption, selling only $21 million of its $300 million token sales target before Justin Sun's involvement.
However, an SEC filing dated October 30 revealed that World Liberty Financial planned to limit its sales to just $30 million before halting the offering, a heavy reduction from its original target.
Expectations have begun to fly for more adoption of the WLFI token, although it is restricted to only accredited investors in and out of the United States.
Additionally, World Liberty Financial recently partnered with Chainlink to integrate its standards onto the WLFI platform. The partnership also aims to expand cross-chain connectivity across the DeFi ecosystem for mass adoption.
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