Trump-backed World Liberty Financial plans to adds SUI to its strategic reserve

The partnership aims to broaden decentralized finance and leverage emerging blockchain technology in financial strategy.

Key Takeaways

World Liberty Financial is partnering with Sui blockchain for product development and will add Sui assets to its Macro Strategy reserve. The Macro Strategic Reserve aims to diversify holdings, including assets like Bitcoin, Ethereum, and US Treasury-backed tokens. <?xml encoding="UTF-8"?>

World Liberty Financial is partnering with Sui blockchain to explore product development opportunities and plans to include Sui assets in its “Macro Strategy” fund, according to a Thursday announcement.

“We are very excited to work with Sui and explore the innovative opportunities this collaboration presents,” said Eric Trump, Web3 Ambassador at World Liberty Financial.

“We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans,” said Zak Folkman, co-founder of World Liberty Financial.

Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui, said: “We are thrilled the World Liberty Financial team has agreed to explore collaborations with Sui. We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets.”

Sui has emerged as one of the fastest-growing Layer 1 blockchains, achieving over $70 billion in decentralized exchange volume and accumulating more than 67 million accounts.

World Liberty Financial’s Macro Strategic Reserve aims to diversify holdings across digital assets, including Bitcoin, Ethereum, USD Coin, Chainlink, and Ondo Finance tokens. The reserve also focuses on investing in emerging blockchain projects and tokenized real-world assets, including US Treasury-backed tokens like OUSG and USDY.

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