World Liberty Financial (WLFI), Backed by Trump, Finalizes $590 Million Token Sale

Trump-Backed Crypto Project WLFI Closes $590M Token Sale Amid Growing Interest

World Liberty Financial (WLFI), the blockchain project backed by former U.S. President Donald Trump, has successfully wrapped up its token sale, securing approximately $590 million across two pre-sale rounds, according to on-chain data.

The massive raise places WLFI among the top 10 biggest token sales in history, with data from ICODrops listing EOS as the record holder, having raised $4.21 billion.

EOS, developed by Block.one, later played a role in the formation of Bullish, the parent company of CoinDesk.

Speaking at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman acknowledged that early skepticism surrounded the project, but credited Tron’s Justin Sun for helping to drive its fundraising success.

“At launch, we faced intense scrutiny due to the individuals backing the project,” Folkman said. “This made many traditional crypto VCs hesitant to get involved.”

However, momentum shifted when Sun stepped in with an initial $30 million investment in November 2024, followed by further contributions.

“[Sun] saw the bigger picture—that this project is a major leap forward for the crypto space,” Folkman explained during the panel discussion.

Due to regulatory restrictions, WLFI’s token sale was limited to accredited investors, and the token cannot yet be publicly traded or transferred. An exchange listing date has not been announced.