The investment fund Aqua1 Foundation from the United Arab Emirates has announced a strategic acquisition of World Liberty Financial (WLFI) tokens worth $100 million. With this transaction, Aqua1 has become the largest holder of WLFI, surpassing Tron founder Justin Sun, who previously invested $30 million in the project.
This is reported by Business • Media
Strategic Goals of the Deal and Development Plans
According to representatives of Aqua1, the deal is aimed at strengthening the development of decentralized financial infrastructure (DeFi), and the invested funds will be directed towards implementing solutions in the field of tokenization of real-world assets (RWA), integrating stablecoins, and developing Web3 tools. Aqua1 founder Dave Lee noted that this investment is part of the transition to a new architecture of global capital.
“The WLFI USD1 ecosystem and the RWA conveyor embody the potential for a structural shift worth a trillion dollars that we aim to realize,” said Lee.
At World Liberty Financial, it was emphasized that collaboration with Aqua1 confirms the correctness of the strategy for global financial innovations, and the partnership with the fund will help spread digital assets among broader segments of the population.
Political Risks and U.S. Congress Reaction
The WLFI project is under close scrutiny from American experts and the cryptocurrency community due to its close ties to the family of U.S. President Donald Trump. Trump’s three sons are co-founders of the company, and the president himself has declared over $57 million in income from WLFI and ownership of 15.75 billion tokens.
In May, the situation escalated after Eric Trump stated that a partner from Abu Dhabi was using the WLFI stablecoin to redeem investments of $2 billion through Binance. This move raised concerns amid discussions in Congress regarding legislation on stablecoins and potential conflicts of interest.
During Senate hearings, U.S. Attorney General Pam Bondi did not respond to questions regarding the president’s connections to the crypto platform. Meanwhile, Senator Jeff Merkley urged the U.S. Department of Justice to investigate the influence of foreign players on the country’s policy through digital assets.
Amid political risks, several American lawmakers are initiating amendments that would restrict the involvement of the president, his family, and other high-ranking officials in the cryptocurrency business while in office. One proposed option is to include relevant provisions in the GENIUS framework law, which regulates innovations in the field of stablecoins in the U.S.
In the House of Representatives, discussions continue on the CLARITY Act regarding the regulation of the crypto market. The document, in particular, limits the participation of the president, vice president, members of Congress, and their families in the cryptocurrency business. However, according to media reports, Trump’s team opposed the provision banning conflicts of interest for senior officials.
It was previously reported that the U.S. president demanded the “urgent” approval of the stablecoin bill.