The Trump Family Gains Majority Ownership of World Liberty Financial
The Trump family has reportedly taken charge of World Liberty Financial, securing a significant portion of the platform’s revenue from token sales and future fees.
As detailed in a review of updates on the company’s website, which was reported by Reuters on Mar. 31, the project’s co-founders, Zak Folkman and Chase Herro, have been replaced by an entity in which the Trump family holds a majority stake.
The Trump family’s firm, DT Marks DeFi LLC, acquired a controlling interest in the platform in January 2025, obtaining a 60% share via a new holding company, WLF Holdco LLC.
These previously unreported modifications signify a significant change in WLFI’s ownership and leadership. The Trump family will now oversee 60% of the company’s operating profits once the platform is fully functioning, and they will also receive 75% of the revenue generated from token sales under the revised structure.
The family is projected to receive approximately $400 million from the funds raised, according to calculations by Reuters. Only 5% of the $550 million raised thus far will be allocated for platform development after the co-founders take their share.
World Liberty Financial was established in 2024 to provide blockchain-based financial services and eliminate intermediaries such as banks. By issuing WLFI, its governance token that allows holders to vote on platform decisions, the company successfully raised capital, including a $75 million investment from Tron founder Justin Sun.
Despite the company’s objectives in decentralized finance, the governance structure of the platform raises alarm. Critics argue that the Trump family’s political clout may lead to potential conflicts of interest, along with limiting meaningful financial participation from external investors.
At the same time, the Trump family is intensifying their involvement in the cryptocurrency arena. On Mar. 31, Eric and Donald Trump Jr. launched American Bitcoin, a Bitcoin (BTC) mining enterprise, in collaboration with the cryptocurrency infrastructure firm Hut 8. The Trump brothers hold a 20% stake in this venture, while Hut 8 possesses the remaining 80%.