Recent revelations have unveiled the Trump family’s significant involvement in World Liberty Financial (WLF), a decentralized finance (DeFi) platform. According to a Reuters report, Donald Trump and his family own at least 60% of the firm through their holding company, DT Marks DEFI LLC.This ownership grants them substantial control over the platform’s operations and revenues, raising questions about transparency and governance within the crypto venture.
Trump Family’s Role in WLF
World Liberty Financial was first announced in October 2024, with Eric Trump endorsing the platform and serving as its board manager. Donald Trump has been named the “chief crypto advocate,” while Donald Jr. and Barron Trump hold titles as “Web3 ambassadors” and “chief DeFi visionary,” respectively.The Trump family’s involvement extends beyond titles, as they are entitled to 75% of net revenues from token sales and 60% of operational earnings once the business fully launches.
The platform has raised $550 million to date, but Reuters calculations suggest that only 5% of these funds will be allocated to building the protocol after accounting for fees paid to the Trump family and other stakeholders.This financial arrangement has drawn criticism from industry experts who question its sustainability and fairness.
Leadership Shake-Up and Ownership Details
Co-founders Zak Folkman and Chase Herro have been removed as controlling parties of WLF, leaving leadership roles undisclosed. The remaining 40% ownership stake in WLF is also shrouded in mystery, further fueling speculation about the firm’s governance structure. WLF operates under WLF Holdco LLC, which holds sole membership interest in World Liberty Financial Inc., a Delaware non-stock corporation responsible for developing the WLF protocol and governance platform.
Other notable figures involved in WLF include Zach Witkoff, son of former Trump Middle East envoy Steven Witkoff, and Rich Teo, co-founder of Paxos—a blockchain infrastructure firm.
Revenue Projections and Criticism
With its current setup, the Trump family stands to earn approximately $400 million in fees from World Liberty operations. However, critics argue that such high revenue allocations leave little room for reinvestment into the platform’s growth. This concern is amplified by the lack of clarity surrounding leadership changes and equity distribution.
Despite these issues, Donald Trump continues to champion World Liberty Financial as a transformative force in decentralized finance. His endorsement has brought significant attention to the platform but also heightened scrutiny over its financial arrangements.
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