Nasdaq’s ALT5 raises $1.5 billion taking 7.5% of Trump-backed WLFI’s token supply into its treasury
The post Nasdaq’s ALT5 raises $1.5 billion taking 7.5% of Trump-backed WLFI’s token supply into its treasury appeared on BitcoinEthereumNews.com.
ALT5 Sigma Corporation, a Nasdaq-listed fintech that operates crypto trading and payment platforms, plans to raise about $1.5 billion through a stock offering and a WLFI token-funded private placement. The move would place a large portion of World Liberty Financial’s WLFI tokens on ALT5’s balance sheet and bring several of the stablecoin issuer’s executives, including Eric Trump, into ALT5’s leadership. The fundraising structure involves two components priced at $7.50 per share: a registered direct offering and a concurrent private placement funded with WLFI tokens. Combined, the transactions cover up to 200 million shares and are expected to close on or around August 12. ALT5 intends to hold roughly 7.5% of the total $WLFI token supply as part of a new corporate treasury strategy. World Liberty Financial, issuer of the USD1 stablecoin, is leading the private DeFi firm. Its co-founder and CEO, Zach Witkoff, will become chairman of ALT5’s board after the deal closes. Eric Trump will take a board seat, Zak Folkman will become a board observer, and Matt Morgan will join as chief investment officer. The alignment places key WLFI leadership, including a member of the president’s family, in positions to influence ALT5’s strategic direction. The timing comes amid a policy environment favorable to digital assets, shaped in part by executive actions and regulatory shifts under President Donald J. Trump. Stablecoin regulation in the U.S. has recently moved toward clearer legal frameworks, which market participants say is improving institutional adoption. The USD1 stablecoin has been promoted within that context, adding weight to scrutiny over how much those crafting policy could indirectly benefit from related corporate activity. What is ALT5, and how does it link to Trump? ALT5 intends to use proceeds from the offerings to acquire WLFI tokens, expand its crypto treasury operations, settle litigation, pay debt, and support…
Filed under: News - @ August 11, 2025 12:30 pm