DWF Labs buys $25M of Trump’s WLFI tokens in US market expansion drive

Source Cryptopolitan

DWF Labs, one of the major Web3 investment funds, will acquire a strategic stake of WLFI tokens valued at $25M. The purchase is part of the fund’s expansion plan into the US market. 

DWF Labs acquired a strategic stake in World Liberty Fi, by acquiring WLFI tokens valued at $25M. The fund has not mentioned an acquisition price or the size of the on-chain portfolio. However, the known addresses of the DWF Labs market maker are not yet among the top holders of WLFI.

This makes DWF Labs one of the biggest institutional investors after TRON DAO. The fund also announced plans to consolidate its involvement with the US crypto market, by opening an office in New York. 

DWF Labs is a tier 2 fund with a total of 92 investments. The VC fund mostly focuses on rounds of $3M to $10M, targeting the crypto market in Singapore.

DWF Labs
DWF Labs focused on several hot Web3 narratives, but will now branch out to institutional-grade DeFi. | Source: Cryptorank

Until now, DWF Labs focused on some of the most mainstream crypto narratives, including AI, infrastructure, general Web3 projects, as well as NFT marketplaces and metaverses. Some of those narratives are lagging, and the fund is -22% on its investments. 

DWF Labs turns to institutional-grade DeFi

The interaction with WLFI is part of DWF Labs’ strategy for participating in institutional-grade DeFi projects. World Liberty Fi distributes WLFI tokens as a governance tool, ensuring all large-scale investors will hold the tokens. 

The recent WLFI purchase arrives about a month after the Trump family fund completed its public sale. So far, the token’s utility is limited, and there are no clear deadlines for launching a lending pool for passive income. 

DWF Labs also operates as one of the top market makers, with a focus on the Ethereum and stablecoin markets. The market maker will also try to expand its connections with US banks to tap mainstream liquidity. 

In its role as a market maker, DWF Labs will be one of the key liquidity managers for USD1, the stablecoin issued by World Liberty Fi. The market maker will provide deep liquidity for USD1, using its existing network across centralized and decentralized markets. 

The U.S. is the world’s largest single market for digital asset innovation,” said Andrei Grachev, Managing Partner of DWF Labs.

Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption. Moreover, the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services,” he said.

As part of its expansion to the USA, the fund will hire local talent, also offering educational content through academic partnerships. 

DWF Labs itself holds around $7.7M in various coins and tokens, with a skew toward ETH and stablecoins. The market maker predominantly uses Binance and BitGo as major counterparties for its operations. 

World Liberty Fi is also starting preliminary tests of offering DeFi operations. In the past week, the fund made a minting test for 1 USDC, signaling the fund may be able to boost liquidity in one of the most widely accepted regulated stablecoins. 

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
When Will Gold Rise Under the Pressure of High Oil Prices? On April 8, spot gold ( XAUUSD) at one point surged past $4,800 per ounce, hitting a peak of $4,857; however, it fell back to $4,698 on April 9, wiping out all gains in just 48 hours. Thi
Author  TradingKey
6 hours ago
On April 8, spot gold ( XAUUSD) at one point surged past $4,800 per ounce, hitting a peak of $4,857; however, it fell back to $4,698 on April 9, wiping out all gains in just 48 hours. Thi
placeholder
WTI holds steady above $92.00 as Strait of Hormuz remains closed; bulls seem hesitant West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.
Author  FXStreet
15 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.
placeholder
Geopolitical Premium Strikes Back. Hormuz Strait Reopening Faces Changes, Bitcoin Barely Holds 70,000 Psychological LevelMiddle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
Author  TradingKey
Yesterday 09: 06
Middle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
placeholder
Strait of Hormuz Closes Again, When Will Global Energy Supply See Light Again?The outlook for navigation through the Strait of Hormuz remains clouded by uncertainty, as the newly reached ceasefire agreement has failed to bring stability to this global energy choke
Author  TradingKey
Yesterday 09: 05
The outlook for navigation through the Strait of Hormuz remains clouded by uncertainty, as the newly reached ceasefire agreement has failed to bring stability to this global energy choke
placeholder
Gold edges lower below $4,750 amid fragile Middle East ceasefire Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.   
Author  FXStreet
Yesterday 09: 04
Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.   
goTop
quote