World Liberty Financial, the crypto project backed by US President-elect Donald Trump’s family, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.
This potential move would strengthen World Liberty Financial’s close ties to the Tron empire. Its founder Justin Sun already advises Trump’s crypto project. He is also the largest holder of its WLFI token, having purchased $30 million in November.
It is unclear how much TRX World Liberty plans to add to its cryptocurrency stash. World Liberty raised $90 million from WLFI sales. His seven-figure sums were previously parked in AAVE and LINK, tokens issued by projects World Liberty partners with.
Trump is officially the “chief crypto advocate” of World Liberty Financial, which plans to bring crypto-financial services to the masses. His imminent return to the White House is considered a watershed moment for the crypto industry.
Tron is in the game. A delegation from the project is expected to attend the inauguration on Monday. Tron also sponsored the industry’s inaugural gala, the “crypto ball,” Friday evening in Washington, DC, a source told CoinDesk.
Trump’s team did not immediately respond to a request for comment, and neither did World Liberty Financial.
