WLFI Token Transferability Hopes Rise Amid Audit and App Launch Plans

Investors have been eagerly awaiting the transferability of the WLFI token, which has been non-transferable since its launch in early 2025. The restriction on transfers has limited trading and governance participation, as users were unable to vote on proposals or join exchanges. The team behind the token has confirmed that they are working to enable transfers, but no specific launch date or roadmap has been announced, leaving investors uncertain about the project's progress.

The WLFI token is part of a decentralized finance (DeFi) platform backed by former US President Donald Trump. The platform was pitched as a freedom-oriented project with open access and community-led development. However, the non-transferable status of the token has prevented the realization of this vision. The team's recent confirmation that they are working to enable transfers has raised hopes among investors, but the lack of updates and technical explanations has left many skeptical.

World Liberty Financial, the cryptocurrency platform associated with Trump, is also preparing to publish an official audit of its dollar-pegged stablecoin. The co-founder of WLFI, Zak Folkman, announced this update during a conference, revealing that the project had secured its first attestation report from an independent accounting firm. This attestation is expected to provide assurance about the reserve backing of the company’s stablecoin, known informally as USD1. Folkman emphasized the importance of stablecoins in the future of transactions and noted that several institutional investors have expressed interest in using WLFI as a treasury asset.

The team behind WLFI is also planning to launch a mobile application to simplify the use of cryptocurrency for day-to-day users. This move is part of their efforts to make the platform more accessible and user-friendly. The WLFI token was launched just two months ahead of the 2024 presidential election, and the platform has generated significant revenue for the Trump family’s business empire. President Trump personally earned $57.4 million from the project and currently holds over 15 billion WLFI governance tokens, which provide him with voting rights over the network’s direction.

Despite the Trump Organization's statement that the president's investments and business dealings would be held in a trust managed by his children, critics have argued that Trump's pro-crypto policies present a conflict of interest. They contend that these policies are directly contributing to the success of crypto businesses with which he is affiliated. The administration has made several changes to the regulatory enforcement of digital assets, further fueling the debate surrounding Trump's involvement in the crypto industry.