The Trump family is reportedly now in charge of World Liberty Financial, securing a significant portion of the platform’s earnings from token sales and forthcoming fees.
A recent examination of updates on the firm’s website suggests that two of the original founders, Zak Folkman and Chase Herro, have been replaced by a group that the Trump family holds a majority interest in.
In January 2025, DT Marks DeFi LLC, the family’s enterprise, gained control over the platform by acquiring a 60% stake through a new holding entity, WLF Holdco LLC.
These newly disclosed changes represent a substantial transition in the ownership and management of WLFI. The Trump family is set to receive 60% of the company’s operational profits once the platform is fully functional and will be entitled to 75% of the revenue generated from token sales according to the revised structure.
The family is projected to earn approximately $400 million from the capital raised, based on recent calculations. Only 5% of the total $550 million raised will be allocated for platform development after the co-founders take their share.
World Liberty Financial was established in 2024 to provide blockchain-based financial services and eliminate the need for intermediaries like banks. The company managed to secure funds by selling WLFI, its governance token, which allows holders to vote on key decisions for the platform, including a $75 million investment from Tron founder Justin Sun.
Despite the aim of promoting decentralized finance, the platform’s governance structure has sparked concerns. Detractors argue that the Trump family’s political affiliations could lead to potential conflicts of interest, and the arrangement limits significant financial involvement from external investors.
In the meantime, the Trump family is increasing its footprint in the cryptocurrency sector. On March 31, Eric and Donald Trump Jr. partnered with the cryptocurrency infrastructure firm Hut 8 to launch American Bitcoin, a Bitcoin (BTC) mining operation. The Trump brothers own a 20% stake in the venture, while Hut 8 holds the remaining 80%.