Trump Crypto Play: Trading kicks off in World Liberty tokens

NEW YORK: Some of the digital tokens backing the Trump family’s cryptocurrency venture, World Liberty Financial, began trading on Monday, the cryptocurrency company said.

The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last year launched the venture, a “decentralised finance” platform that has also issued a stablecoin. In July, investors in the tokens voted to make them tradable, paving the way for their sale and purchase – and potentially boosting the value of the president’s holdings of them.