Key Takeaways
- World Liberty Financial, the Trump family’s crypto business, in January applied for a national banking license and launched an interface allowing users to borrow and earn points.
- It is an “experiment into the convergence of politics, finance, and blockchain technology,” a crypto research firm says.
The Trump family has a range of business interests—including a crypto company with big financial ambitions.
The company, World Liberty Financial, has a lending market called WLFI Markets. It has applied for a national banking charter through its World Liberty Trust subsidiary. And it bills itself as a DeFi, or “decentralized finance,” ecosystem, which broadly means it seeks to remove middlemen from financial…
