Trump-Backed WLFI Eyes FX, Remittance Expansion

World Liberty Financial plans to launch a foreign exchange and remittance platform as it expands beyond DeFi lending, drawing political scrutiny

By Julia Sakovich Published: Updated:

World Liberty Financial, a decentralized finance platform backed by the Trump family, plans to launch foreign exchange and remittance services under a new product called World Swap. The initiative targets segments of the global FX market, where daily trading volume exceeded $9.6 trillion in April 2025, and the remittance sector, which processed $892 billion in 2024.

The expansion follows WLFI’s January application for a national trust bank charter and the rollout of its lending platform, World Liberty Markets. No timeline for the FX and remittance launch has been disclosed. The move positions WLFI against established cross-border payment providers and traditional FX intermediaries, as digital asset firms increasingly seek exposure to real-world financial flows.

WLFI has also faced scrutiny over foreign investment ties. A UAE-backed vehicle acquired a 49% stake for $500 million ahead of the January 2025 presidential inauguration, prompting questions from Democratic lawmakers regarding governance and national security implications.

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