UAE-based Aqua 1 commits $100M investment into World Liberty Fi

Source Cryptopolitan

Aqua 1, a Web3 fund registered in the UAE, will join the governance of World Liberty Fi after pouring $100M into the WLFI token. The purchase arrives just ahead of the long-awaited shift to transferable WLFI tokens. 

Aqua 1 has bought additional WLFI tokens, investing $100M into the Trump family project. The platform managed to raise up to $590M so far, with some of the funds supplied by large-scale whales and high-profile buyers. Part of the funding came from retail users, who were at that time supportive of Donald Trump’s second bid for the US Presidency. 

World Liberty Fi aims to build its own niche in decentralized finance, with a native stablecoin USD1, as well as the WLFI token, which will be used for governance. Aqua 1 has not disclosed the sale price for WLFI at the current stage. 

Aqua 1 pours $100M into WLFI for governance access
On-chain data shows Aqua 1 received WLFI tokens before disclosing its involvement with Trump’s platform. | Source: Etherscan

Aqua 1 goes big on World Liberty Fi

On-chain data shows that an ENS name aqua1.eth holds 800M WLFI tokens. After the investment, the fund is the 11th largest holder of WLFI. On-chain data shows Aqua 1 received the tokens in the past three weeks in two major transfers. The WLFI moves were noted by analysts, though it took some time before the fund disclosed its involvement. As of June 21, on-chain analysts also noted Aqua 1 registered four other related ENS names

We’re excited to work hand-in-hand with the team at Aqua 1,” said Zak Folkman, co-founder of World Liberty Financial. 

Aligning with Aqua 1 validates our blueprint for global financial innovation, as we have a joint mission to bring digital assets to the masses and strengthen our nation’s standing as a champion and leader of cryptocurrency and blockchain technology,” he added.

Aqua 1 will retain its role as a native Web3 fund, compliant with local UAE regulations. The fund will be part of the consultant team for World Liberty Fi, assisting in its expansion to other regions.

Trump’s platform may reach South America, Europe, Asia and other emerging markets to widen its digital asset ecosystem. While sold as “Made in USA” crypto, WLFI has not shied away from foreign investors.

World Liberty Fi and Aqua 1 to build new investment platforms

World Liberty Fi will in turn support the launch of a new investment vehicle, Aqua Fund, also registered in the UAE and partnering with local stakeholders. The fund will target the Middle Eastern digital economy, offering projects in AI, Web3 and blockchain infrastructure. 

Aqua Fund will serve as a regional hub for capital flows, developer talent and technology. Aqua Fund will also seek out additional secondary market liquidity for investors. 

World Liberty Fi and Aqua Fund will also develop and promote BlockRock, an institutional-grade platform for RWA tokenization. The new entity’s goal will be to provide premium traditional assets and integrate them into the Web3 ecosystem. 

The latest large-scale purchase arrives at a time when the launch of WLFI trading is seen as an imminent option. WLFI was sold at a deep discount during several presale rounds. 

The token currently has a limited presale market, with around $5M in daily volumes on the LBank exchange. WLFI has started its initial price discovery and currently hovers around $0.97, a significant premium above the presale discounts.

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