UAE Fund Buys $100-M Of Trump’s World Liberty Tokens

A United Arab Emirates–based fund has bought $100 million worth of digital tokens issued by World Liberty Financial — the crypto venture launched by U.S. President Donald Trump’s family — becoming its largest publicly known investor, Tom Wilson reported for Reuters.

Despite its sizable investment, Aqua 1 maintains a minimal online presence. I Image: Donald J. Trump X

Aqua 1 Foundation said its purchase of the tokens, known as $WLFI, was aimed at accelerating the creation of a "blockchain-powered financial ecosystem" centered around stablecoins and tokenized traditional assets.

A so-called governance token, $WLFI cannot yet be traded but gives holders the right to vote on changes to the venture’s underlying code. World Liberty said this week it was “working behind the scenes” to make the token transferable.

The venture has drawn criticism from Democratic lawmakers and government ethics watchdogs over potential conflicts of interest. The Trump Organization has stated that the president's investments, assets, and business interests are held in a trust managed by his children.

“WLFI and Aqua 1 will jointly identify and nurture high-potential blockchain projects together,” said Aqua 1 founding partner Dave Lee. The fund’s investment and compliance teams will assist World Liberty in expanding into South America, Europe, and Asia, he added.

Despite its sizable investment, Aqua 1 maintains a minimal online presence. Its X account has only three posts and approximately 1,120 followers, while its website was registered on May 28, according to data from two web domain trackers.