A company based in the United Arab Emirates has purchased a large amount of the altcoin backed by Donald Trump.
United Arab Emirates-based Web3-focused investment fund Aqua 1 announced that it has purchased $100 million worth of governance tokens from decentralized finance platform World Liberty Financial (WLFI).
With this strategic investment, the Fund aims to participate in the governance processes of WLFI and accelerate the development of the blockchain-based financial ecosystem.
In a statement made by the company, it was stated that this collaboration aims to accelerate the integration of legacy financial systems with decentralized structures and to ensure the widespread use of stablecoin solutions through the tokenization of Real World Assets (RWA).
WLFI stands out as a decentralized finance platform inspired by US President Donald J. Trump.
“We are excited to work side by side with Aqua 1. This partnership is part of our mission to bring digital assets to the masses and strengthen our country’s leadership in crypto and blockchain technologies,” said Zak Folkman, Co-Founder of World Liberty Financial.
Under the partnership, WLFI’s USD1 infrastructure and RWA projects will meet Aqua 1’s enterprise expertise to find new uses in commercial payment infrastructures and treasury management systems.
“Together with WLFI, we will identify and support high-potential blockchain projects. WLFI’s USD1 ecosystem and RWA pool represent a trillion-dollar transformation where traditional capital markets and decentralized infrastructures converge,” Aqua 1 Co-Founder Dave Lee said in a statement.
