Sui, a prominent layer 1 blockchain platform, has announced A collaboration with World Liberty Financial (WLFI), a Defi protocol that is partly owned by President Donald Trump. This partnership is intended to promote a more open and transparent financial ecosystem.
The indigenous sui -token has risen by 14% on the day.
As part of this collaboration, WLFI plans to include Sui -Activa in his ‘macro strategy’, a strategic token reserve designed to support leading blockchain projects. This movement corresponds to the mission of WLFI to strengthen the global status of the US dollar in the Defi space.
Eric Trump, serving as WLFI’s Web3 ambassador, expressed Enthusiasm about the partnership that emphasizes the American innovation of Sui and its scalability as important factors in their decision.
“We are very enthusiastic to work with Sui and to explore the innovative opportunities that this collaboration offers,” said Eric Trump, web3 ambassador at World Liberty Financial.
Zak Folkman, co-founder of WLFI, emphasized that Sui’s attributes supplement their goal to extend decentralized financing access to a wider audience.
“We have chosen Sui for his innovation in America combined with impressive scale and adoption. It is a natural addition to our mission to bring decentralized finances to more Americans, “said Zak Folkman, co-founder of World Liberty Financial.
Evan Cheng, co-founder and CEO of Mysten Labs, the original contribution to Sui, noted that the cooperation worldwide could again define the storage and use of assets. He underlined a shared vision of people who regain control of their financial assets and the digital presence.
Sui has experienced considerable growth in the past year and becomes one of the fastest growing layer 1 block chains. The platform has attracted countless institutional builders and products, which recently collected $ 70 billion to decentralized Exchange (DEX) volume and collected more than 67 million accounts.
Since its foundation, World Liberty Financial has built up considerable crypto companies and has transferred $ 307 million to digital assets to Coinbase Prime for Treasury Management and increasing companies with $ 103 million after receiving extra investment support. The project focuses on promoting the American Stablecoins and maintaining dollar dominance in global financing by its Defi offers.
The involvement of the Trump family at WLFI has attracted attention, with family members who keep roles such as “Chief Crypto Advocate” and “Web3 Ambassador”. Justin Sun, a Chinese entrepreneur, in particular has invested at least $ 75 million in WLFI and serves as an adviser.
The cooperation represents a continuation of groundbreaking movements of a sitting US president in order to go directly into blockchain. The companies of Trump have launched Memecoins, NFTS, Ordinals, a Defi platform and are now expanding his crypto investments to emerging block chains such as Sui.
