US President Donald Trump’s blockchain venture has announced a strategic reserve fund to bolster the expansion of leading cryptocurrencies. The decentralized finance platform, World Liberty Financial (WLFI) under Trump’s aegis, has launched the “Macro Strategy” fund. This fund is dedicated to Bitcoin (BTCUSD), Ether (ETHUSD), and other trailblazing cryptocurrencies remolding the global financial landscape.
The fund’s inception was announced on February 11, stating its objective to fortify these projects and augment their significance in the rapidly evolving financial ecosystem. The fund seeks to “amplify stability” by spreading the platform’s investments across a “range of tokenized assets.” This move aims to ensure a “robust financial system” and invest in “budding opportunities within the DeFi landscape.”
The news comes on the heels of rumors about the Trump family initiating a significant venture on Ethereum. Joseph Lubin, Ethereum’s co-founder, and Consensys’ founder speculated that the Trump administration might ultimately incorporate Ethereum technology into governmental operations, akin to its present use of internet protocols.
Trump’s WLFI is also seeking more partnerships with traditional finance (TradFi) institutions. The platform aims to offer these institutions blockchain transparency and innovative marketing opportunities through these partnerships. The WLFI is poised to release a detailed proposition for the Macro Strategy fund on its governance forum soon.
Meanwhile, Bitcoin continues to gain traction among institutions. The University of Austin is planning to raise a unique Bitcoin fund worth over $5 million as part of the institution’s $200 million endowment fund.
