Key Points:

• World Liberty Financial, backed by the Trump family, plans to acquire Tron (TRX) tokens for its treasury, strengthening its ties with the Tron ecosystem.
• Justin Sun, founder of Tron and largest investor in World Liberty Financial, has already invested $30 million into the project.

According to CoinDesk, the crypto project World Liberty Financial, a cryptocurrency company that has claimed a connection to the family of U.S. President-elect Donald Trump, is poised to purchase Tron tokens for its treasury.

Read more: World Liberty Financial Entered Into a Strategic Partnership with Ethena  

World Liberty Financial to Buy Tron Tokens

The move will further cement the project's relations with the Tron ecosystem, as Justin Sun, the founder of the latter, is already a member of the advisory board at World Liberty Financial. Sun also happens to be the largest WLFI token holder after investing $30 million in November.

World Liberty had raised 90 million dollars from the sale of its WLFI tokens. Sun's investment makes him the biggest investor in the project. How much TRX token World Liberty intends to buy isn't clear but the organisation has invested in some of the major tokens like AAVE and LINK.

Trump-Backed Crypto Project Aims to Change How Money Works

Ambitions include providing crypto financial services to the masses; at least, that's what has been said regarding this Trump-backed project. Trump has even been reported to have become a "chief crypto advocate." Moreover, his presumed return to the White House has been hailed as a "seminal moment" in the history of the crypto sector.

In the meantime, Tron does not lag behind political events. The company sent a delegation to Trump's inauguration, while Tron supported the "crypto ball" organized in Washington, D.C., last Friday.

In November 2024, investments were also made into DeFi tokens like ETH, ONDO, ENA, LINK, and AAVE as the portfolio of World Liberty Financial expanded into an amount worth over 80 Million at its peak.