The Aqua 1 Foundation, a UAE-based Web3 fund, said it's purchasing $100m of Donald Trump’s World Liberty Financial governance tokens (WLFI).
Aqua 1, which describes itself as a "pioneering Web3-native fund", made the commitment "to participate in governance of the decentralized finance platform inspired by President Donald J. Trump," it said in a joint statement on its Medium page.
Outshining Sun
The foundation’s investment makes it the largest investor in World Liberty Financial (WLF). Previously, the top token-holder spot was held by TRON founder Justin Sun who invested $30m in WFLI in November 2024.
“We have a joint mission to bring digital assets to the masses and strengthen our nation’s standing as a champion and leader of cryptocurrency and blockchain technology,” Zak Folkman, Co-Founder of WLF, said in the statement.
The announcement notes the partnership between the two companies “will seek to synergize USD1 infrastructure to ignite adoption across commercial payment gateways and treasury management systems.” The joint statement also referenced that World Liberty will support the development of Aqua 1’s Aqua Fund, “a UAE- domiciled investment fund.”
Middle East investors
Aqua is the second major Middle East-based investor in World Liberty. Earlier this year, Abu Dhabi’s MGX used World Liberty’s USD1 stablecoin for its $2 billion investment into Binance.
As recent scrutiny of the Trump family’s investments and benefits from foreign investments into their crypto products have become more prominent, the family has quietly scaled back its ownership share of WFLI, from 60% to 40% according to publicly available disclosures.
