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World Liberty Financial (WLF), a decentralized finance (DeFi) initiative linked to the family of President-elect Donald Trump, has unveiled plans to create a “strategic reserve” of cryptocurrency holdings.
The announcement came from WLF co-founder Chase Herro at the Ondo Summit in New York, where Donald Trump Jr. voiced strong support for the growing digital asset sector.
Trump Jr.: Crypto as the Future of U.S. Economic Dominance
Making an unexpected appearance at the summit on Thursday, Donald Trump Jr. highlighted cryptocurrency’s increasing influence on global finance. Speaking before industry leaders, he asserted that digital assets could play a pivotal role in shaping America’s economic trajectory.
“I believe it could define the future of American hegemony—both in terms of our economic status and financial strength,” he remarked, emphasizing the importance of crypto in market expansion and regulatory discussions.
WLF Expands Digital Asset Holdings
As part of its ongoing investment strategy, WLF recently purchased $470,000 worth of ONDO, the native token of Ondo Finance. The company has also diversified its portfolio with holdings in Ethereum (ETH), wrapped Bitcoin (wBTC), Tron’s TRX, AAVE, and Chainlink’s LINK, among other cryptocurrencies.
Building a Strategic Crypto Reserve
While details on the specific purpose of WLF’s strategic reserve remain undisclosed, co-founder Chase Herro affirmed the company’s commitment to digital asset investments.
“We are strong supporters of builders in the space,” he stated, signaling WLF’s continued focus on expanding its crypto portfolio.
The concept of a cryptocurrency reserve has been under discussion since Donald Trump’s presidential campaign last year. In January, he issued an executive action to assess the feasibility of a national digital asset stockpile, fueling speculation about World Liberty Financial’s (WLF) potential role in shaping decentralized finance policies.
Ondo Summit Brings Together Crypto Leaders and Policymakers
The Ondo Summit convened prominent figures from both the cryptocurrency sector and government, including Patrick McHenry, Chair of the House Financial Services Committee, and acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham. Discussions centered on key industry challenges such as tokenization and regulatory frameworks.
Former CFTC Chair J. Christopher Giancarlo commented on the administration’s evolving stance on crypto regulations, stating, “The promises are being delivered on.” He acknowledged that while reversing restrictive policies is a step forward, creating a comprehensive regulatory framework remains a challenge.
William Hinman, a senior advisor at Andreessen Horowitz, echoed similar sentiments, cautioning that regulatory reforms would take time. “There’ll be some improvements, but I think that’s gonna take time,” he said, referencing ongoing legislative efforts.
WLF Expands Crypto Holdings Amid Market Volatility
Earlier this week, WLF took advantage of a market dip to further expand its cryptocurrency portfolio, reportedly acquiring tens of millions of dollars worth of Ether following a weekend price drop. The downturn coincided with the U.S. president’s temporary tariff imposition on Mexico and Canada, which rattled global financial markets.
Despite being promoted as a decentralized finance (DeFi) lending platform, WLF has yet to officially launch its operations. For now, the company is primarily recognized for its strategic cryptocurrency acquisitions. Its growing portfolio, coupled with the Trump family’s ties to the administration, has sparked discussions about potential conflicts of interest in shaping crypto regulations.
Ondo Finance to Introduce Blockchain for Tokenized Assets
Meanwhile, Ondo Finance has unveiled plans to launch Ondo Chain, a dedicated blockchain for tokenized assets. The initiative has piqued the interest of both investors and policymakers, as digital finance continues to be a focal point of industry and regulatory conversations.
