Key Takeaways
- • World Liberty Financial, the Trump family-affiliated DeFi platform, is entering a partnership with an arm of Re7 Capital, a London-based decentralized-finance hedge fund.
- • Hong Kong family office VMS Group is set to receive up to $10 million in investment from Re7 Capital's partnership arrangement, according to Bloomberg; no financial terms were disclosed by the parties.
- • The partnership will launch a USD1 stablecoin vault on the Euler and Lista protocols with Re7 Labs, Re7 Capital's innovation arm, per a joint statement.
- • The initiative is part of a broader effort to scale USD1 on Binance's BNB Chain.
Summary
World Liberty Financial Inc. is entering into a partnership with an arm of Re7 Capital, a decentralized-finance hedge fund based in London, according to Bloomberg. Hong Kong family office VMS Group is set to receive up to $10 million in investment from Re7 Capital, though no financial terms of the World Liberty arrangement were disclosed.
According to a joint statement between World Liberty Financial and Re7, the Trump family-affiliated platform plans to launch a USD1 stablecoin vault on Euler and Lista with Re7 Labs, the innovation arm of Re7 Capital. The move is part of a larger initiative to scale World Liberty's USD1 stablecoin on Binance's BNB Chain, the blockchain ecosystem of the world's largest crypto exchange.
Publisher context associated with the story notes that Re7 Capital has been described as the DeFi partner for USD1, a stablecoin the company characterizes as Treasury-backed and now being deployed across multiple venues. The partnership adds to a series of recent international crypto collaborations involving World Liberty, which has drawn scrutiny over the family's commercial ties, including reports of foreign investors acquiring stakes in the venture.
According to a joint statement between World Liberty Financial and Re7, the Trump family-affiliated platform plans to launch a USD1 stablecoin vault on Euler and Lista with Re7 Labs, the innovation arm of Re7 Capital. The move is part of a larger initiative to scale World Liberty's USD1 stablecoin on Binance's BNB Chain, the blockchain ecosystem of the world's largest crypto exchange.
Publisher context associated with the story notes that Re7 Capital has been described as the DeFi partner for USD1, a stablecoin the company characterizes as Treasury-backed and now being deployed across multiple venues. The partnership adds to a series of recent international crypto collaborations involving World Liberty, which has drawn scrutiny over the family's commercial ties, including reports of foreign investors acquiring stakes in the venture.
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