World Liberty Partners with Re7 Capital for $10M DeFi Push

World Liberty Financial Inc., a crypto platform with ties to the Trump family, has announced a strategic partnership with Re7 Capital, a London-based hedge fund specializing in decentralized finance (DeFi). This collaboration is bolstered by a significant investment of up to $10 million from VMS Group, a Hong Kong family office, marking VMS Group’s inaugural foray into the cryptocurrency sector.

Under the terms of the agreement, World Liberty and Re7 Labs, the technology arm of Re7 Capital, will introduce a stablecoin vault for their USD1 token. This initiative will leverage platforms such as Euler and Lista, with the primary objective of expanding the utility of USD1 on Binance’s BNB Chain, a prominent blockchain network.

Evgeny Gokhberg, the founder of Re7 Capital, expressed that the partnership aims to develop a more stable and efficient DeFi ecosystem. He anticipates that this will instill greater confidence in both crypto-savvy users and traditional investors regarding the use of stablecoins.

VMS Group is not the sole investor in this venture. The UAE-based Aqua 1 Foundation has recently acquired $100 million worth of World Liberty tokens, positioning Aqua 1 as the largest single investor in the project. This investment surpasses that of crypto entrepreneur Justin Sun, who serves as an advisor to World Liberty.

In May, a tech investment firm called MGX, which is linked to Abu Dhabi’s sovereign wealth fund, utilized the USD1 stablecoin for a substantial $2 billion investment into Binance. These investments underscore the significant backing that the Trump-affiliated crypto project is receiving from prominent Middle Eastern investors.

In a related development, the US Securities and Exchange Commission (SEC) has taken steps to conclude its legal dispute with Binance. The SEC and Binance’s founder, Changpeng Zhao, jointly filed a motion in court to temporarily halt the case.