The post Tron’s Justin Sun Announces $30M Investment In Donald Trump’s Crypto Project appeared on BitcoinEthereumNews.com.

Tron founder Justin Sun has announced a $30 million investment into President-elect Donald Trump’s World Liberty Financial crypto project.  Trump’s World Liberty Financial aims to be a digital asset bank that encourages customers to lend, borrow, and invest in digital tokens. The platform’s native token is the WLFI token.  Justin Sun’s Big Investment  The investment makes Sun the largest investor in Donald Trump’s decentralized finance (DeFi) project. Sun recently made headlines after spending $6.2 million at a Sotheby’s auction for a banana duct-taped to a wall. The Tron founder announced the news in a post on X, stating,  “We are thrilled to invest $30 million in World Liberty Financial as its largest investor. The US is becoming a blockchain and Bitcoin hub and owes it to Donald Trump. Tron is committed to making America great again and leading innovation.” Trump and his sons are promoting World Liberty Financial as part of the decentralized finance (DeFi) movement. The President-elect is listed as the project’s chief crypto advocate, with his sons, Eric Donald Jr. and Barron Trump, named its Web3 ambassadors. The project aimed to raise $300 million at launch at a $1.5 billion valuation. However, the company disclosed its $300 million offering was marketed offshore. Sun’s investment is the largest so far and comes from on-shore. The project thanked Sun for his investment, stating,  “We’re honored to have the support of @justinsuntron and @trondao. Together we’re driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem.” Currently, only accredited investors in the US can access the platform. According to Securities and Exchange Commission guidelines, accredited investors must have a net worth of $1 million or an annual income of $200,000 individually or $300,000 with a spouse. While US access is limited, the project is…

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Filed under: News - @ November 28, 2024 5:10 am