Justin Sun Joins Donald Trump’s World Liberty Financial as Adviser After $30M Investment

Last updated:

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

Last updated:

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

An illustration of Justin Sun, founder of Tron, against an orange background with stylized lines. He is wearing a black shirt and blazer and has a serious expression.
Justin Sun makes a move to purchase the German government’s Bitcoin, aiming to lessen the impact on the cryptocurrency market.

Justin Sun, founder of Tron and a prominent figure in the crypto industry, was named an advisor to World Liberty Financial (WLFI) on November 26.

The appointment follows Sun’s substantial $30 million investment in the decentralized finance (DeFi) project, which was backed by the incoming President of the United States, Donald Trump.

Justin Sun Bets Big on World Liberty Financial: Can $30M Push Trump-Linked DeFi Project to Success?

In a statement shared via X (formerly Twitter), World Liberty Financial expressed excitement about Sun’s new role.

World Liberty Financial’s launch aligns with Trump’s pro-crypto agenda, a key talking point during his presidential campaign.

The project seeks to establish itself as a leader in the DeFi space through technological integrations and network expansion.

WLFI is the platform’s governance token, allowing holders to engage in DeFi activities such as borrowing and lending.

This investment boosts total token sales to $52 million, a major milestone for WLFI. Before Sun’s involvement, the platform had sold $21 million worth of tokens to qualified U.S. and international investors.

However, the project is currently short of its ambitious fundraising goal of $300 million at a valuation of $1.5 billion.

The funds are intended to support various development initiatives, including a stablecoin-focused credit card.

According to WLFI’s white paper, surpassing $30 million in token sales triggers financial gains for the Trump family.

Donald Trump’s company, DT Marks DEFI LLC, will receive 75% of the platform’s future net revenues.

Justin Sun Joins WLFI: Can Tron’s Founder Elevate Trump’s DeFi Dream?

Sun, a graduate of the University of Pennsylvania and founder of Tron, a blockchain ecosystem ranked among the top 10 digital assets by market capitalization, brings significant expertise to WLFI.

Recently, World Liberty Financial integrated Chainlink’s infrastructure to enhance on-chain data access and enable cross-chain connectivity.

Sun’s advisory role at World Liberty Financial adds to his growing list of crypto-related positions.

He also serves as an advisor to HTX (formerly Huobi) and a long-time supporter of BitTorrent.

The entrepreneur’s reputation as a bold and unconventional investor continues to grow.

Recently, Sun attracted attention when he spent $6.2 million on duct-taped banana artwork at a Sotheby’s auction.

The art, as he claimed, “represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.”

You May Also Like