• Trump-backed DeFi project, World Liberty Financial, recently purchased US $20m worth of cryptocurrency, including Ethereum, WBTC and MOVE.
  • World Liberty Financial aims to provide democratic access to financial services through blockchain technology.
  • The venture also announced a strategic partnership with Layer 1 project SUI.

With the United States Crypto Summit at our doorstep, President Donald Trump is ramping up his involvement in the digital asset industry.

Many are tipping the big-note event to reveal how the Government intends to manage a potential crypto reserve.  The community will watch intently following Trump’s social media post confirming the inclusion of altcoins in the nation’s digital assets ‘stockpile’.

And now, just hours before the Summit is underway, Donald Trump’s DeFi project has snapped up US $20m (AU $31.6m) worth of cryptocurrency.

Related: Time to Go All in On Crypto? Financial Analysts Weigh in on Trump Tariff Turmoil

MOVE, WBTC, ETH Among World Liberty Financial Investments

The US President’s DeFi venture, World Liberty Financial, has steadily been adding digital assets to its portfolio. 

Reports from The Block earlier this week showed a digital wallet owned by World Liberty Financial purchased several new cryptocurrencies, including Ethereum (US $10.1m), WBTC (US $9.9m) and MOVE (US $1.68m).

The purchases demonstrate Trump’s broad support of the cryptocurrency industry, which is set to become clearer following this week’s Crypto Summit.

World Liberty Financial, founded by Trump allies Steve and Zach Witkoff, intends for the project to provide democratic access to financial services through blockchain technology.

SUI Secures Collaboration with World Liberty Financial, Sending Token Price Surging

Meanwhile, Layer 1 project SUI announced a strategic partnership with WLF overnight, bumping its token as much as +14% since the news became public.

The collaboration, for now, will be as simple as World Liberty Financial adding SUI to its token reserves.

However, it represents Sui’s growing stature among the industry as a legitimate competitor to established projects like Solana and Ethereum.

In a public statement, Eric Trump expressed his enthusiasm for the partnership.

We are very excited to work with Sui and explore the innovative opportunities this collaboration presents.

Eric Trump, World Liberty Financial Web3 Ambassador