World Liberty Financial Receives Investment From Justin Sun

Key Points:

• TRON founder Justin Sun has become the largest investor in World Liberty Financial, boosting its total sales to $52 million.
• WLFI has struggled to meet its $300 million fundraising goal and faces regulatory hurdles excluding U.S. retail investors.

China-born crypto entrepreneur Justin Sun, founder of blockchain platform TRON, has made an audacious bet on World Liberty Financial, which is essentially a decentralized finance project endorsed by U.S. President-elect Donald Trump.

Read more: World Liberty Financial: The DeFi Project Boosted by Trump 

Justin Sun Fronts $30 Million Investment in World Liberty Financial

Sun’s $30 million buy-in sends him to the top of the list of the biggest investors in the project, set to enhance the adoption of US-pegged stablecoins.

In a Nov. 25 social media post, Sun celebrated the investment, saying, “The U.S. is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation.”

Sun’s investment gave the WLFI fundraising a significant boost, putting total sales at $52 million. That number accounts for only about 17% of the project’s incredibly ambitious goal of $300 million. The WLFI had been failing to attract significant interest since the launch earlier this year, up until Sun’s involvement anyway.

Legal Issues Cast Shadow over Justin Sun’s Bold Financial Moves

World Liberty Financial has teamed up with the leading decentralized finance platform, Aave, to build an application that incentivizes the use of stablecoins. Members of the Trump family, including the president-elect and his three sons, have come out with vocal support for the project, emphasizing stablecoins as a way to maintain U.S. financial leadership around the world.

The project, despite ambition, has not gone without issues. WLFI tokens cannot be sold to the U.S. retail investor base, meaning the group’s initial reach is limited thanks to regulatory restraint. Sun’s involvement has again called into question his history of legal issues. The U.S. Securities and Exchange Commission filed suit in March of 2023 against Sun, alleging securities law violations, fraud, and market manipulation. Sun has called the claims “without merit.”