Justin Sun invests $30 million in WLF: Digital Watch Observatory Update
Justin Sun, the founder of Tron blockchain network, recently announced a $30 million investment in World Liberty Financial (WLF) through social media. Sun highlighted this investment as a strategic move to blend blockchain technology with traditional financial services—an ambition he is actively pursuing.
World Liberty Financial (WLF), a project associated with US president-elect Donald Trump, is gearing up to release its governance token, WLFI. Currently, the Know Your Customer (KYC) verification process is open for accredited investors in the US and non-US persons. Trump had announced the initiation of this verification process back in October.
Despite Sun’s legal disputes with the US Securities and Exchange Commission (SEC), which has accused him of various financial wrongdoings, he continues to venture into high-profile business endeavors. This investment in WLF is one of his recent notable moves, following his acquisition of Maurizio Cattelan’s artwork “Comedian” for $6.24 million.
While details about WLF’s products are scarce, the association with Trump has garnered significant attention. It will be interesting to see how this partnership unfolds in the ever-evolving landscape of blockchain technology and traditional financial services.
