NEW YORK (Reuters) -Some of the digital tokens backing the Trump family’s cryptocurrency venture, World Liberty Financial, began trading on Monday, the cryptocurrency company said.
The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last year launched the venture, a “decentralized finance” platform that has also issued a stablecoin.
In July, investors in the tokens voted to make them tradable, paving the way for their sale and purchase – and potentially boosting the value of the president’s holdings of them. Early investors can sell up to 20% of their holdings, World Liberty has said.
Several of the world’s biggest cryptocurrency exchanges, including Binance, OKX, and Bybit, are offering the tokens on their platforms to trade