World Liberty Financial Acquires $470K ONDO Tokens, Plans Strategic Reserve

World Liberty Financial (WLF), a decentralized finance project associated with Donald Trump and his family, has made significant investments in Ondo Finance's native token, ONDO, acquiring approximately $470,000 worth during its recent acquisition and restructuring efforts. At the Ondo Summit in New York, WLF co-founder Chase Herro announced plans to establish a 'strategic reserve' of cryptocurrency assets, a move supported by Donald Trump Jr., who emphasized the importance of cryptocurrency in shaping the U.S. economy. The recent purchase of ONDO tokens coincided with the launch of Ondo’s new layer-1 blockchain designed for tokenized assets, aiming to enhance transparency and reduce fraud in financial markets. WLF has also been diversifying its portfolio by investing in other digital assets, including Ethereum and wrapped Bitcoin. As the project gains momentum, discussions about its potential influence on national policies regarding decentralized finance have emerged, particularly given Trump's previous actions to evaluate a digital asset stockpile. Overall, WLF's activities reflect a growing interest in the intersection of traditional finance and blockchain technology.