World Liberty Financial (WLFI), the Donald Trump-backed crypto undertaking, has closed its token sale after elevating roughly $590 million.
The undertaking’s elevate of $590 million would put it within the top-10 checklist of token raises, in line with information curated by ICODrops. To this point, the biggest token sale is EOS, which raised $4.21 billion.
EOS is a blockchain platform developed by Block.one, which later based Bullish, CoinDesk’s proprietor.
On stage at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron’s Justin Solar with the success of the undertaking’s token sale.
After WLFI first launched its sale, its critics referred to as the momentum sluggish. However this modified after Solar invested $30 million into it in November 2024 and later invested extra.
“When we were launching this project, it was a very heated time,” Folkman mentioned throughout Consensus. “There was a lot of scrutiny on our project due to who was involved.”
This meant that conventional crypto VCs wouldn’t contact the token.
“[Sun] saw that regardless of the outcome, this project is a monumental move forward for the entire crypto community,” Folkman added in the course of the Consensus panel.
Guidelines round WLFI’s token sale imply that the token was solely accessible to accredited buyers and cannot be transferred or publicly offered on exchanges. A date has not been set for an trade itemizing.
