Trump Cripto Company launches a strategic “token reserve”

Michelle Conlin

New York (Reuters) – Financial World Freedom, in which President Donald Trump has a financial role, he announced that strategic token reserve designed to strengthen Bitcoin, Etherum and other cryptocurrency “which are at the head of global funding.”

VLF said in a statement on KS on Tuesday that her new token reserve would allow the market volatility, empowering the company to invest in innovative projects in decentralized finances and develop well-capitalized reserves. It was also said that it will be looking for strategic partnerships with financial institutions to contribute to the tokenized property for VLF reserve.

VLF did not answer the comment request. The White House and Trump Organization have also not responded to comment requests.

The announcement comes at a time when Trump and his family businesses are increasingly turning in earning money from the world of crypt.

In addition to VLF, the farms of the Trump family include a majority share in the Trump Media & Technology Group, the Socio-Media-Streaming company that announced that it turned it into financial services related to crypto.

Three days before his inauguration, the president also launched his $ Trump meme coin.

Millions of dollars, including 100 million dollars only from the Meme Coins, poured into the entities associated with the president’s apartment of the crypt’s companies. VLF has already seen a $ 500 million token token, Reuters calculation.

In January, Trump said that his property, which was in refutable trust, would manage his children while he was in operation.

Financial world freedom has been launched two months in front of the American presidential election. Trump and its associated subsidiaries have 60% stake in their holding company and have the right to 75% of income and 22.5 billion tokens, according to the company’s website.

The news only comes three days after Donald Trump Jr., President’s oldest son, a performance at the Summit on Neve in New York, he collected as Wall Street 2.0.

There they said the founders of Trump and the company, of which was of traditional finances, that the goal of VLF was to bridge the gap between the world crypto and mainstream retail investors such as teachers, firefighters and dentists.

Donald Trump Jr. He emphasized the need for the regulatory framework that would allow for “CRIPTO to bloom”. Cripto, he said, is the “future of finance” and “the future of American hegemony”.

(Reporting Michelle Conlina and Lawrence Delevingna; Editor Leslie Adler)