Trump’s Crypto Project Gets $100 Million From UAE Based Fund

A little known crypto fund bought $100 million of World Liberty Financial Inc. tokens, the second Middle East-based investor to put money into the Trump family affiliated decentralized finance platform.

United Arab Emirates based Aqua 1 Foundation said it purchased the so-called governance tokens, in a joint statement Thursday with World Liberty. The investment will make Aqua 1 the largest individual investor of the Trump-backed digital asset project, surpassing crypto entrepreneur Justin Sun, who’s also an adviser to World Liberty.

In May, MGX, a technology investment firm established by Abu Dhabi’s sovereign wealth fund, used World Liberty’s USD1 stablecoin to ...