Investment firm World Liberty Financial finances Nasdaq-listed ALT5 Sigma's $1.5 billion fundraising round; ALT5 Sigma debuts World Liberty Financial treasury approach
World Liberty Financial, Inc. (WLFI), a decentralized finance protocol inspired by the vision of former U.S. President Donald Trump, has announced a significant partnership with ALT5 Sigma Corporation. This collaboration aims to raise $1.5 billion to build a corporate treasury centred around WLFI tokens.
In this partnership, ALT5 Sigma will invest $1.5 billion in WLFI, with the exchange of WLFI tokens valued at $750 million for shares and warrants. This move aligns ALT5 Sigma's treasury strategy with WLFI's crypto assets.
The partnership has led to some notable leadership changes. Eric Trump, son of former President Trump, has joined ALT5 Sigma’s board as a director. Zach Witkoff, co-founder of WLFI, has become Chairman of ALT5 Sigma’s board, while Zak Folkman, another WLFI co-founder, has taken on the role of a board observer. Matt Morgan, an advisor to WLFI, has been appointed as the Chief Investment Officer of ALT5 Sigma.
The $1.5 billion funding round was closed through a combination of a registered direct offering and a private placement, priced at $7.50 per share. World Liberty Financial acted as the lead investor in the private placement, with participation from major institutional investors and crypto venture capital firms. Kraken was named the asset manager, and A.G.P./Alliance Global Partners served as placement agent.
The partnership has boosted market confidence, with ALT5 Sigma’s stock surging significantly following the announcements. WLFI is planning a September 1 launch for its token ecosystem, with listing support from major crypto exchange Coinbase for its stablecoin, USD1.
This partnership brings together traditional finance and crypto ventures, leveraging Trump family connections and institutional investors to grow WLFI’s token ecosystem through ALT5 Sigma’s corporate treasury strategy. The combined businesses of WLFI and ALT5 have already handled over $5 billion in cryptocurrency transactions.
ALT5 Sigma offers over-the-counter digital asset trading, with ALT5 Pay auto-converting cryptocurrency payments to fiat and allowing international merchants to accept cryptocurrency payments. WLFI’s USD1 stablecoin has also been listed on Binance.
With this partnership, WLFI has approved a proposal to make WLFI tokens tradable, raised $1.5 billion in a recent fundraising round, and integrated its governance token into corporate finance. The future of decentralized finance, as inspired by Donald Trump's vision, is now one step closer to reality.
[1] CoinDesk article
[2] Bloomberg article
[3] Yahoo Finance article
[5] Decrypt article
Read also:
- EA Relies on Madden and Battlefield to Drive Microtransactions Recovery
- Expense for Creating a Digital Platform for Fantasy Sports
- AI-Enhanced Battery-Swapping Station in Southeast Asia Officially Opens Its Doors
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
