World Liberty Financial (WLFI), the Trump-backed crypto and token business, has confirmed it will list on Nasdaq through a merger with ALT5 Sigma, in a deal concluded late on Tuesday 12 August.
Trump’s World Liberty Financial Nasdaq Listing Advances Through ALT5
13 August 2025 - 16:05 CEST
ALT5 is a crypto infrastructure business that provides crypto payment solutions for merchants, as well as a digital asset trading platform. It is listed on Nasdaq as ALTS and on the Frankfurt exchange as 5AR1.
Key personnel include:
- Eric Trump becoming a Board Director of ALT5
- Zach Witkoff, CEO of World Liberty Financial and son of presidential envoy Steve, will be Chairman of ALT5
- Zak Folkman will be a Board observer; he is COO of WLFI
- Matt Morgan, an advisor to WLFI, will be the new ALT5 Chief Investment Officer
$1.5 billion deal
WLFI is the lead investor, ALT5 Sigma said in a statement. No other investors have been named, though the statement added that WLFI was joined by “a select number of the world’s largest institutional investors and prominent crypto venture capital firms”.
The financial side of the deal is worth $1.5 billion. WLFI will pay half of that in its $WLFI token. The other half, which involves the direct sale of ALT5 stock, will be used, in part, to buy $WLFI as the start point for the company’s crypto treasury. ALT5 plans to hold 7.5% of the total $WLFI token supply.
The company said the cash portion of the deal will also be used to “settle existing litigation, pay existing debt, fund the existing Company’s business operations and for working capital and general corporate purposes”. No specifics were provided.
Solidifying the token
As well as providing liquidity for ALT5, the formation of a $WLFI treasury has the potential to help provide some stability for the token’s price. In addition, the listing will provide further credibility to WLFI, potentially boosting investor interest and institutional buying.
ALT5 also joins a growing list of companies that have expanded beyond Bitcoin for crypto treasury accumulation. The total volume of Ether held by companies is now worth $13 billion, while interest in Solana as a treasury asset for corporations continues to rise.
Large $WLFI holders include Justin Sun, who reportedly bought $75 million worth during the token sale.
