BTC
$96,256.52
1.98%
ETH
$2,630.89
2.96%
USDT
$1.0001
0.00%
XRP
$2.4285
3.22%
SOL
$197.37
3.15%
BNB
$649.40
0.59%
USDC
$1.0001
0.01%
DOGE
$0.2566
3.57%
ADA
$0.7917
2.21%
TRX
$0.2431
2.43%
WBTC
$96,177.95
1.86%
LINK
$18.64
4.95%
AVAX
$25.26
4.81%
SUI
$3.3050
6.57%
XLM
$0.3197
4.84%
SHIB
$0.0₄1602
1.20%
TON
$3.7341
3.03%
LEO
$9.8092
2.49%
LTC
$117.04
8.63%
HBAR
$0.2254
7.45%
Updated Feb 12, 2025, 11:29 a.m. UTCPublished Feb 12, 2025, 11:27 a.m. UTC
What to know:
The firm said it will try to bring tokenized assets from TradFi firms into its reserve.
The reserve will try to boost ecosystems, with a focus on DeFi.
The Trump-family backed World Liberty Financial announced that it will launch a reserve to back various crypto ecosystems.
World Liberty said it will diversify its token holdings and also engage with traditional finance firms to invest their tokenized assets into the reserve.
STORY CONTINUES BELOW
The firm did not disclose any specific details on which tokens the reserve would invest in, but it did say that it will a particular focus on decentralized finance (DeFi).
Last week, World Liberty Financial’s co-founder Chase Herro said that the protocol will start a “strategic reserve” of crypto assets.
The firm has already accumulated various tokens, including TRON’s TRX, USDC, Ether (ETH) and staked ETH, as well as MOVE and ONDO tokens, according to data from Arkham Intelligence.
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. Before joining CoinDesk, he was the European Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
