Trump-Backed Firm Launches Crypto Reserve, Targets DeFi

World Liberty Financial, a firm backed by the Trump family, has announced the launch of a token reserve aimed at investing in various crypto ecosystems. The reserve will focus on diversifying its token holdings and engaging with traditional finance firms to invest their tokenized assets.

The firm did not disclose specific details on which tokens the reserve would invest in, but it did mention a particular focus on decentralized finance (DeFi). According to data from, the firm has already accumulated various tokens, including TRON's TRX, USDC, Ether (ETH) and staked ETH, as well as MOVE and ONDO tokens.

The reserve aims to boost ecosystems by bringing tokenized assets from traditional finance firms into its reserve. This move is expected to enhance the overall crypto ecosystem and promote growth in the DeFi sector.

Parikshit Mishra, CoinDesk's Deputy Managing Editor responsible for breaking news coverage, reported on this development. Mishra has extensive experience in financial journalism, having worked for Acuris, CRISIL, and Reuters. He does not have any crypto holdings.