Aqua 1, a Web3 funding fund based mostly within the UAE, introduced at the moment that it’s spending $100 million on WLFI tokens. It and World Liberty Monetary are partnering to broaden WLFI’s blockchain ecosystem.
Nevertheless, the announcement didn’t go into many specifics, and there are plenty of unanswered questions on this deal. If nothing else, each companies plan to assist BlockRock, an RWA tokenization agency.
Aqua 1 Invests in WLFI
World Liberty Monetary is among the Trump household’s bigger crypto ventures, launching the WLFI governance token and USD1 stablecoin.
The agency has gone by a couple of adjustments not too long ago, because the Trump household diminished its stake final week and introduced plans to make WLFI tradable yesterday.
At this time, this Aqua 1 partnership plans to alter issues even additional with a $100 million WLFI buy:
“We’re excited to work hand-in-hand with the group at Aqua 1. Aligning with Aqua 1 validates our blueprint for world monetary innovation, as we’ve got a joint mission to convey digital belongings to the plenty and strengthen our nation’s standing as a champion and chief of cryptocurrency and blockchain know-how,” claimed World Liberty co-founder Zak Folkman.
Sadly, there isn’t a lot info accessible on Aqua 1, which might be helpful for dissecting the WLFI buy. Its X account was created this month, and all its posts relate to at the moment’s deal.
Aqua 1’s press launch may be very noncommittal, briefly relating many Web3 buzzwords like DeFi, blockchain infrastructure, AI, world adoption, and extra.
Nonetheless, a couple of items of circumstantial proof may assist clarify the partnership. The UAE, Aqua 1’s dwelling nation, is a rising crypto hub, and Trump’s actual property empire and World Liberty Monetary each have current enterprise ties there.
Aqua 1’s WLFI press launch additionally lists Dave Lee as a founding associate, however it’s not clear who that is.
Nevertheless, though Trump’s crypto initiatives face many corruption allegations, Aqua 1’s $100 million WLFI funding does have some tangible targets.
Particularly, the pair is creating and incubating BlockRock, an RWA tokenization agency.
Nonetheless, this deal is sort of unusual. Aqua 1 invested $100 million in WLFI, greater than thrice as a lot as Tron founder Justin Solar. The fund is now its largest particular person investor.
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