07.02.2025 20:40
An important development is taking place in the world of cryptocurrency. Chase Herro, co-founder of World Liberty Financial, met with Donald Trump Jr. on Thursday at the Ondo Summit in New York. Company executives shared their strategic token reserve plans at this summit.
World Liberty Financial has purchased Ondo Finance tokens worth $470,000 as part of its strategy to expand its cryptocurrency asset portfolio. The DeFi project supported by the Trump family plans to create a "strategic reserve" with these tokens. This move recalls the idea of a strategic Bitcoin (BTC) reserve that Trump brought up during last year's presidential election.
Trump Administration's Cryptocurrency Strategy Takes Shape
This strategy by World Liberty Financial represents a concrete step in the Trump administration's cryptocurrency policy. David Sacks, known as the "crypto czar" of President Trump, announced the administration's pro-crypto agenda earlier this week.
The project currently holds approximately $35 million worth of assets consisting of various tokens, including AAVE, ENA, ETH, LINK, and WBTC. This amount indicates a 90% decrease in the company's once-held treasury following the token transfers carried out on Monday.
The details of the strategic token reserve have not yet been fully clarified. Herro did not share detailed information about the size and intended uses of the reserve. This development indicates an increase in institutional interest in the cryptocurrency sector.