World Liberty Financial Launches Crypto Reserve as Trump Jr. Backs ONDO

• World Liberty Financial co-founder discloses that the platform could launch a strategic reserve with the acquired digital assets. 
• Andreeson Horowitz’s senior advisor, William Hinman, has also assured that there could be a significant shift in the crypto industry, but it will take time. 

Decentralized Finance (DeFi) company linked to US President Donald Trump’s family, World Liberty Financial (WLF), is set for a groundbreaking move as key executives reveal the possible launch of strategic reserves for crypto assets.

According to the plan first disclosed by the company’s co-founder Chase Herro at the Ondo Summit held in New York, this initiative could begin with the assets recently purchased by the company. However, the reasons behind this expected reserve were not specified.

WLF has made multiple purchases of several crypto assets worth millions of dollars. According to on-chain data, the company recently purchased $470,000 worth of ONDO. Meanwhile, it also has investments in the likes of Ethereum (ETH), wrapped Bitcoin (wBTC), Tron (TRX), AAVE, Chainlink (LINK), etc. Fascinatingly, a whopping sum of $307 million in ETH and WBTC was offloaded to Coinbase some days ago, as featured in our recent coverage.

Source: Bloomberg

Some Key Highlights at the Ondo Summit

At the Summit, Donald Trump Jr. made a surprise appearance with a presentation focused on how the crypto industry could greatly shape the US economy.

I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might.

After his presentation, former Commissioner of the Commodity Futures Trading Commission J. Christopher Giancarlo also highlighted that the Trump administration is delivering on its promises for the crypto industry. According to him, “It is one thing to get rid of bad policies of the last four years, and it is another thing to get to good policies.”

Hammering on this, a senior advisor to venture capital firm Andreeson Horowitz, William Hinman, clarified that subjecting the industry to a significant change would take time.

There’ll be some improvements, but I think that’s gonna take time. It’s in the same way that it’s gonna take time for the SEC to turn over a new leaf to really come through with some concrete evidence that now this is a more hospitable regulatory approach.

Other Notable Attendees and Developments in the Pipeline

The Ondo Summit also had several renowned figures as speakers, including Chair of the House Financial Services Committee Patrick McHenry and acting Commodity Futures Trading Commission Chair Caroline Pham. It is also important to note that Ondo disclosed its plans to launch a layer 1 blockchain called Ondo chain.

Delving into this, we found that the plan is part of the broader initiative to bridge the traditional financial markets with Decentralized Finance while encouraging institutional adoption of tokenized Real-World Assets (RWA). Additionally, Ondo Chain could address long-standing problems in tokenized securities, including liquidity fragmentation, regulatory compliance, and high transaction fees.

In our last update, we also examined the launch of a groundbreaking project called Ondo Global Markets platform to provide on-chain access to stocks, bonds, and Exchange Traded Funds (ETFs).

Amidst the backdrop of this, ONDO has declined by 4.2% in the last 24 hours to trade at $1.3. According to our recent analysis, analysts, including World of Charts, believe that ONDO could quickly bounce back from its current position to make a 2-3x surge.