World Liberty Financial, the crypto project backed by US President-elect Donald Trump’s family, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.
The potential move would deepen World Liberty Financial’s close ties to the Tron empire. Its founder, Justin Sun, already advises Trump’s crypto project. It is also the largest holder of its WLFI token, having purchased $30 million in November.
It is unclear how much TRX World Liberty plans to add to its cryptocurrency reserve. World Liberty’s raised $90 million from WLFI sales. He had previously deposited seven-figure sums into AAVE and LINK, tokens issued by projects World Liberty has partnered with.
Trump is officially the “chief cryptocurrency advocate” for World Liberty Financial, which plans to offer crypto financial services to the masses. His imminent return to the White House is being heralded as a watershed moment for the crypto industry.
Tron is on the road. A delegation from the project is scheduled to attend the inauguration on Monday. Tron also sponsored the industry’s inaugural “Cryptoball” gala on Friday night in Washington, DC, a source told CoinDesk.
Trump’s team did not immediately respond to a request for comment, nor did World Liberty Financial.
