Trump family seems to be strengthening its control over WLFI. WLFI was announced by Trump before taking office, but is still in the development stage. According to a report released by Reuters on Monday, the Trump family further consolidated their control over World Liberty in January by establishing WLF Holdco LLC. DT Marks DeFi LLC, an affiliate entity of Trump and some of his family members, holds 60% of the shares of the new company WLF Holdco LLC, while WLF Holdco LLC holds the sole membership interest in WLFI, responsible for overseeing the development and operation of the WLFI governance platform. Although it is currently unclear who owns the remaining 40%, this adjustment seems to no longer make WLFI co-founders Zak Folkman and Chase Herro the controllers of the platform.
Trump family owns at least 60% of WLFI through new holding company
2025-04-01 09:43:45 Primitive Reading
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