World Liberty Financial (WLFI), the decentralized finance (DeFi) platform backed by the Trump family, is embarking on a new venture through a partnership with Re7 Capital, a hedge fund based in London.
According to Bloomberg, this collaboration is poised to receive up to $10 million in investment from the Hong Kong family office VMS Group, though specific financial details have not been disclosed.
USD1 Stablecoin Vault On Binance
The partnership reportedly aims to launch a USD1 stablecoin vault utilizing Euler and Lista, the innovation arm of Re7 Capital, as part of a broader initiative to scale World Liberty Financial USD1 stablecoin on Binance’s BNB Chain, the blockchain ecosystem of the world’s largest cryptocurrency platform.
Evgeny Gokhberg, founder of Re7 Capital, expressed enthusiasm about the collaboration, stating that it reflects a mutual commitment to developing cutting-edge DeFi infrastructure.
“This collaboration reflects a shared commitment to building the next generation of DeFi infrastructure—where stability, transparency, and capital efficiency converge,” he noted.
By working alongside World Liberty Financial, Euler, and BNB Chain, the partnership aims to establish a model for stablecoin adoption that appeals to both crypto enthusiasts and institutional investors.
The VMS Group, known for managing assets for some of Hong Kong’s wealthiest individuals, is making its debut in the cryptocurrency space through this investment in Re7 Capital.
The firm employs a market-neutral strategy, earning yields by supplying liquidity on DeFi exchanges and lending stablecoins while utilizing hedging techniques to manage price volatility.
Middle East Investment For World Liberty Financial Tokens
In a related development, the Aqua 1 Foundation, based in the United Arab Emirates, recently announced a significant investment of $100 million in World Liberty tokens, WLFI.
This marks the second major investor from the Middle East to back the platform, positioning Aqua 1 Foundation as the largest individual investor in the Trump-affiliated project, surpassing crypto entrepreneur Justin Sun, who also serves as an advisor to World Liberty Financial.
In May, the Abu Dhabi sovereign wealth fund-backed technology investment firm MGX utilized World Liberty’s USD1 stablecoin to facilitate a $2 billion investment in crypto exchange Binance, coinciding with a notable shift in the regulatory landscape for cryptocurrencies.
Recently, the US Securities and Exchange Commission (SEC) moved to resolve its legal battle against Binance, signaling a dramatic change in how the regulator approaches the cryptocurrency sector after the exit of former SEC chair Gary Gensler.
As a result, a joint motion was filed by the SEC and Binance co-founder Changpeng Zhao (CZ) to stay the case in the US District Court for the District of Columbia, following a request in February to pause the lawsuit for 60 days.
When writing, Binance Coin (BNB), trades at $645, registering a 5.3% retrace in the monthly time frame.
Featured image from DALL–E, chart from TradingView.com