As per a latest Reuters report, the Trump family now has a 60% stake in World Liberty Financial as an entity controlled by the family replaced “controlling parties” Zak Folkman and Chase Herro, the decentralized finance (DeFi) protocol’s co-founders.
As per the report, the Trump family took further control of the crypto company in January when it launched WLF Holdco LLC. A new company, 60% owned by Trump-linked DT Marks DeFi LLC, WLF Holdco is supposed to oversee the DeFi protocol’s development. Trump’s son Eric sits on WLF Holdco’s board of managers.
The report makes it clear that the remaining 40% ownership of WLF Holdco isn’t known; however, it mentions that the latest move replaced Folkman and Herro as “sole directors and members” of World Liberty Financial.
So far, World Liberty Financial has raised $550 million from two rounds of WLFI token offerings. DT Marks DEFI LLC, the entity linked to Trump, is set to receive 75% of the net revenue from the sale of these tokens.
While the company could secure only $2.7 million by October 2024, Tron founder Justin Sun funneled $30 million into the venture in November 2024 after Trump won the presidential election.
Notably, the SEC sued Sun for selling unregistered securities in 2023. In February 2025, the SEC, Tron, and Sun jointly urged a court to stop the proceedings.
World Liberty Financial raised the majority of its funds through token sales in January and March.
As per Arkham, World Liberty Financial owns more than $74 million in tokens, including Ethereum and USDC.