AI Financial, formerly known as Alt5 Sigma, is engaged in discussions to sell its core payments business to Tokyo-based blockchain firm Perpetuals.com for up to $15 million, according to a Wall Street Journal report shared by Wu Blockchain. The potential deal would cover Alt5 Sigma Canada, a payments subsidiary, and comes less than a year after the company became tied to World Liberty Financial, the Trump-linked crypto project behind the WLFI token and USD1 stablecoin.
The non-binding talks mark a dramatic reversal for AI Financial, which saw its shares collapse more than 90% after a heavy WLFI investment soured. In 2025, World Liberty Financial invested 7.5% of the total WLFI token supply in ALT5 Sigma’s $1.5 billion capital raise, and the company later raised roughly $750 million to purchase additional WLFI tokens. When WLFI dropped about 70%, AI Financial’s holdings incurred severe losses, leaving its market value near $80 million. The WSJ report noted that the Trump family is entitled to 75% of WLFI token sale proceeds, with AI Financial’s purchases generating about $540 million in cash for Trump-related entities.
Perpetuals.com has signed a non-binding term sheet and is conducting due diligence, with a July 7 filing stating, “No decisions have been made.” The sale would remove one of AI Financial’s main operating businesses, refocusing attention on what remains after the WLFI bet. The broader crypto market remains neutral, as the event is isolated to a single firm’s financial restructuring, though it adds to scrutiny of Trump-linked crypto ventures amid rising political and ethics questions.
