Trump Family's Crypto Firm World Liberty Financial Draws Scrutiny

The 2024-founded venture has two products, the WLFI token and a dollar-pegged stablecoin, and has applied for a national banking license.

Published on Feb. 10, 2026

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World Liberty Financial, the Trump family's crypto business, has applied for a national banking license and launched an interface allowing users to borrow and earn points. The company, founded by President Donald Trump, his sons, and others, bills itself as a DeFi ecosystem and has faced scrutiny over its political connections and a large stake sale to a foreign royal.

Why it matters

World Liberty Financial's efforts to expand into broader financial services, including potentially becoming a nationally chartered bank, could boost the circulating supply of its USD1 stablecoin and the interest income generated by the assets backing it. However, the company's political associations have led to scrutiny from Congressional Democrats.

The details

World Liberty Financial has two main products: the WLFI token and a dollar-pegged stablecoin. It has also applied for a national banking charter through its World Liberty Trust subsidiary, which would allow it to offer a range of financial services beyond just crypto. The company was founded by President Donald Trump, his sons, the president's special envoy Steve Witkoff, and Witkoff's sons. An entity called DT Marks DEFI LLC, connected to undisclosed Trump family members, received 22.5 billion WLFI tokens and a 75% revenue share. World Liberty Financial also owns a stake in ALT5 Sigma, with Eric Trump serving as a director.

  • World Liberty Financial was founded in 2024.
  • The WLFI token launched in September 2025.

The players

World Liberty Financial

A crypto company founded by President Donald Trump, his sons, and others, with two main products: the WLFI token and a dollar-pegged stablecoin. The company has applied for a national banking charter.

Donald Trump

The former President of the United States and co-founder of World Liberty Financial.

Steve Witkoff

The president's special envoy and co-founder of World Liberty Financial.

DT Marks DEFI LLC

An entity connected to undisclosed Trump family members that received 22.5 billion WLFI tokens and a 75% revenue share from World Liberty Financial.

Eric Trump

The younger son of former President Donald Trump, who serves as a director on the board of ALT5 Sigma, a company in which World Liberty Financial owns a stake.

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What’s next

Congressional Democrats have pledged to investigate the large stake sale in World Liberty Financial to a foreign royal.

The takeaway

World Liberty Financial's efforts to expand into traditional financial services through a national banking charter, as well as its political connections to the Trump family, have led to increased scrutiny of the company's activities and dealings.