Market maker DWF Labs has opened an office in New York as part of its entry into the US market. Simultaneously, the company announced the purchase of tokens from the DeFi project Trump family World Liberty Financial (WLFI) for $25 million.
The new office will strengthen collaboration with institutional partners, including banks, investment firms, and blockchain startups. DWF Labs also plans to expand its US workforce and engage with local regulators.
Additionally, the company intends to participate in educational initiatives with American universities. DWF Labs will focus on developing projects aimed at the needs of traditional finance.
The acquisition of WLFI is part of a strategic partnership with World Liberty Financial.
Particular emphasis is placed on supporting the stablecoin USD1. DWF Labs will provide liquidity for the “stable coin,” using its algorithmic tools on centralized and decentralized platforms.
WLF co-founder Zach Folkman stated that collaboration with DWF Labs will accelerate the creation of infrastructure for the next generation of decentralized financial services.
In March, World Liberty Financial confirmed plans to launch USD1.
On April 7, project representatives published an advisory proposal to distribute a “small” amount of USD1 via airdrop among WLFI token holders.
