Trump’s World Liberty Plans to Create ‘Strategic’ Token Reserve

Feb. 6, 2025, 10:50 PM UTC

Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.

Herro was introduced by Donald Trump Jr., who sat on a panel with World Liberty co-founders Zak Folkman, Zach Witkoff and Herro at startup Ondo Finance’s inaugural summit in New York. Zach is the son of Steve Witkoff, a close-ally to Trump who helped connect the President’s family to World Liberty Financial’s founders, but has since been picked to be Trump’s envoy to the Middle East.

Chase Herro
Photographer: Rochelle Brodin/Getty Images

Herro didn’t specify what the objective would be for ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.