WLFI Token to Become Tradeable as World Liberty Reverses Policy

World Liberty Financial announced that it will enable trading of its WLFI governance token in the coming weeks, reversing its initial promise to keep the token non-transferable. The company did not provide a specific timeline or technical details for the rollout but confirmed the change in a social media post on June 25.

Co-founder Zak Folkman discussed the change during an interview at the Permissionless conference in Brooklyn, New York. Folkman also announced that the firm will publish an audit of its USD1 stablecoin “within days” and launch a new mobile app designed for everyday investors.

World Liberty Financial distributed WLFI earlier this year to presale participants as a governance token. The token has a total supply of 100 billion, with 25 billion sold in public sales, generating hundreds of millions of dollars in revenue for the Trump family's platform. Until now, holders could vote on project decisions but could not transfer or trade their tokens on secondary markets.

The platform launched WLFI two months before the November 2024 U.S. presidential election as a non-transferable governance token. World Liberty Financial later rolled out USD1, a dollar-pegged stablecoin backed by U.S. Treasuries, U.S. dollar deposits, and other cash equivalents. Ethics watchdogs have scrutinized the platform over potential conflicts of interest as the Trump administration eases crypto regulations.

Related: Warren Demands SEC Release Information on WLFI, Investigating Trump Ties

The company has not announced which exchanges will list the token or what trading pairs will be available. The original token structure required holders to keep their tokens for governance purposes only, with no ability to sell or transfer ownership to other users.