Justin Sun, the founder of the Tron blockchain, has become the largest investor in Donald Trump’s crypto venture, World Liberty Financial. Sun invested $30 million in the project, buying 2 billion tokens of World Liberty Financial (WLFI) at $0.015 each.
This makes Sun the project’s biggest backer, pushing the total sales to $52 million, though still short of the project’s $300 million target. In a Nov. 25 post on X (formerly Twitter), Sun shared his excitement about the investment, stating, “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!”
Sun stated that the investment is driven solely by the project’s potential to deliver groundbreaking solutions in decentralized lending and governance, emphasizing that it has no political motivations.
The project, launched in October, has faced slow sales due to restrictions that limit token sales to non-U.S. persons and accredited U.S. investors. Additionally, the WLFI tokens are non-transferable, meaning they cannot be sold once bought.
World Liberty Financial’s “gold paper” outlines that after the project hits $30 million in sales, Donald Trump’s company, DT Marks DEFI LLC, will receive 75% of net revenues. This marks the first time the Trump family will start earning from the project.
Donald Trump is the chief crypto advocate for World Liberty Financial, with his sons Eric, Donald Jr., and Barron Trump serving as web3 ambassadors for the initiative. The project also features notable figures such as Rich Teo, co-founder of Paxos, who led its stablecoin and payment efforts, and Luke Pearson, a senior research cryptographer at Polychain, who contributed to its development.
Despite the slow start, the company’s co-founder, Zak Folkman, is confident about the future, emphasizing the growing investor interest. Trump himself is listed as the project’s “chief crypto advocate,” while his sons are “Web3 ambassadors.”
However, Justin Sun’s crypto exchange, HTX (formerly Huobi), is still facing regulatory issues in the U.S. after being sued by the SEC in 2023. Despite this, Sun remains optimistic about the future of crypto.
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