On January 20, local time, Donald Trump was officially sworn in as the 47th President of the United States. To commemorate this historic moment, the Trump family's cryptocurrency project WLFI (World Liberty Financial) announced a series of cryptocurrency investment initiatives, including a $47 million investment in WBTC (Wrapped Bitcoin). This not only marks WLFI's further expansion and deepening in the cryptocurrency landscape, but also powerfully demonstrates the outstanding competitiveness and broad development prospects of WBTC due to its unique advantages in the market.
WBTC (Wrapped Bitcoin) is an ERC-20 token issued by BitGo on the Ethereum blockchain, backed 1:1 by Bitcoin. Its custodian is a joint venture established by BitGo and BiT Global, focusing on diversifying WBTC's custodial and cold storage business across multiple jurisdictions.
BiT Global Trust Director Z Liu said that the cryptocurrency market is currently at a critical juncture, and decentralized assets - especially wrapped Bitcoin products - are gradually gaining a foothold. He said, "We are pleased that President Trump has chosen WBTC, which not only highlights WBTC's advantages in liquidity and transparency, but also shows its convenience and low fees in cross-chain and DeFi protocol transactions. We are confident that WBTC will continue to lead the deep integration of Bitcoin and the DeFi ecosystem."
To date, WBTC has partnered with over 110 companies and has supported multiple blockchain platforms including Ethereum, Osmosis, Kava, and Base, while also achieving circulation on BNBChain, Solana, Arbitrum and other networks through cross-chain technologies like LayerZero. With its low transaction fees, high liquidity, and transparent custodial mechanism, WBTC has become one of the largest Bitcoin DeFi applications, providing investors worldwide with more efficient and flexible asset allocation and trading services.
WLFI's $47 million investment in WBTC not only highly recognizes the investment value of WBTC, but also reflects its firm confidence in the future development prospects of the cryptocurrency field. As an important part of cryptocurrencies, WBTC will create more opportunities for WLFI's global financial market layout, promoting its strategic expansion and growth in influence.
WLFI's deployment of WBTC on the first day of Trump's inauguration demonstrates the core advantages of WBTC in the cryptocurrency ecosystem, and lays a solid foundation for its deep integration with the Bitcoin and DeFi ecosystems. In the future, WBTC is expected to continue to lead industry innovation, bringing more opportunities and development space to the cryptocurrency market, and is expected to become an important force in leading the transformation of the global financial market with its outstanding performance in liquidity, transparency and cross-chain transactions.
In addition to WBTC, WLFI also announced the purchase of $4.7 million worth of TRX (TRON token), which is WLFI's first investment in a Chinese project. This not only demonstrates WLFI's forward-looking vision in the cryptocurrency field, but also reflects its active support for the development of decentralized finance and blockchain technology.
