At the TOKEN2049 conference in Singapore, World Liberty Financial (WLFI), a crypto venture backed by members of the Trump family, announced significant advancements in real-world asset (RWA) tokenization and the expansion of its USD1 stablecoin initiative. CEO Zach Witkoff revealed plans to tokenize assets such as real estate, oil and gas, cotton, and timber on blockchain networks, aiming to increase liquidity, improve settlement speed, and reduce costs in traditionally inefficient markets.
USD1, first announced in March 2025, is a stablecoin pegged 1:1 to the U.S. dollar, with reserves comprising U.S. government treasuries, cash, and equivalent liquid instruments valued at $2.68 billion. Initially deployed on Ethereum and Binance Smart Chain, WLFI intends to extend USD1's availability to additional blockchain platforms. The project is also developing a consumer-facing debit card to enable direct spending of cryptocurrencies in everyday transactions, with a pilot version expected in the coming quarter and a full launch anticipated in late 2025 or early 2026.
USD1 has gained traction, listed on exchanges like Bitget and HTX, and will serve as the settlement medium for a major investment by Abu Dhabi-backed MGX into Binance. WLFI's native token has seen bullish trading activities, reclaiming $0.20 with a market capitalization of $4.93 billion, despite a recent 41% price decline and $1.4 million burned in a buy-back program. Institutional interest is growing, with the UAE-based Aqua 1 Foundation investing $100 million in WLFI tokens, underscoring confidence in the project's vision to bridge DeFi and traditional markets.
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