Trump’s World Liberty Financial partners with Sui Network to launch a strategic SUI reserve

Source Cryptopolitan

Leading Layer 1 blockchain Sui Foundation revealed today it has partnered with World Liberty Financial to launch a strategic SUI reserve. The firm said that WLFI decided to include Sui assets in “Macro Strategy,” its strategic token reserve.

The collaboration came after Trump’s announcement on Sunday to create a “Crypto Strategic Reserve,” where cryptocurrencies would be added to the U.S. reserve. The President is expected to provide more details on his reserve plan tomorrow at the White House Crypto Summit.

World Liberty Financial plans to launch SUI strategic reserve

The Donald Trump-inspired pioneering decentralized finance protocol WLFI revealed a collaboration with Sui Network to explore product development opportunities. World Liberty Financial partnered with Sui to include SUI tokens in its strategic token reserve referred to as “Micro Strategy.”

Web3 Ambassador at World Liberty Financial, Donald Trump, said he was very excited to work with Sui to explore the innovative opportunities the collaboration presented. The firm acknowledged that the inclusion of SUI in the protocol’s strategic token reserve has been designed to bolster leading Web3 projects.

“This is a strong vote of confidence in our technology and vision. WLFI recognizes what we’ve been building, a blockchain designed for the future of finance that’s fast, secure, and accessible.”

Christian Thompson, Managing Director at Sui Foundation

Thompson also argued that Sui’s team was in advanced talks to integrate Sui more deeply across WLFI’s ambitious CeFi and DeFi initiatives. He also disclosed that World Liberty Financial had officially chosen to partner with Sui Network as their preferred American blockchain.

Co-founder of WLF Zak Folkman highlighted that the firm chose Sui for its American-born innovation combined with impressive scale and adoption. He also added that “it is a natural complement to our mission of bringing decentralized finance to more Americans.” Folkman believes that collaborating with Sui was an obvious decision since the firm already had plans to support foundational DeFi assets in the coming months.

Evan Cheng, co-founder and CEO of Mysten Labs, said the company was thrilled the World Liberty Financial team had agreed to explore collaborations with Sui. he believes that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses digital assets.

Cheng iterated that they shared a vision of a future where the people take back control of their finances, creations, and online agencies. He also believes that “our work together will make that vision a reality faster.”

Sui Network has revealed that it explored mainstream consciousness over the last year thanks to its surging DeFi and developer ecosystems. The firm said that it continues to stack achievements and has become one of the fastest-growing Layer 1 blockchains in the crypto industry. The blockchain disclosed that it recently surpassed $70 billion in decentralized exchange (DEX) volume and amassed over 67 million accounts.

The price of SUI surged by roughly 17% after the news about the partnership with World Liberty Financial was released. As of the time of publication, the digital asset is currently exchanging hands at $2.92.

Trump plans to announce the creation of a U.S. strategic reserve tomorrow

The partnership of World Liberty Financial and Sui network occurred in the midst of Trump’s planned White House Crypto Forum tomorrow. Trump had campaigned on establishing a Bitcoin reserve and his Commerce Secretary confirmed that the plan would be finalized this week.

Commerce Secretary Howard Lutnick acknowledged that the President will announce the establishment of a U.S. strategic Bitcoin reserve at the White House crypto summit on March 7. He believes that BTC would have a unique status in the reserve, while other digital assets would be “treated positively, but differently.”

Coinbase CEO Brian Armstrong had argued that “just Bitcoin would probably be the best option” for a crypto reserve. Investment firm Bernstein also questioned the rationale behind including altcoins such as XRP, Solana, ADA, and Cardano in the reserve.

The summit, chaired by AI and Crypto Czar David Sacks, will bring together big crypto figures, including Armstrong, Microstrategy Chairman Micheal Saylor, Kraken CEO Arjun Sethi, Multicoin Capital managing partner Kyle Samani, and others.

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