Crypto:
31594
Bitcoin:
$62.273
% 1.17
BTC Dominance:
%56.9
% 0.17
Market Cap:
$2.17 T
% 3.11
Fear & Greed:
41 / 100
Bitcoin:
$ 62.273
BTC Dominance:
% 56.9
Market Cap:
$2.17 T

WLF Opens KYC for Investors: Trump Family Involved

World Liberty Financial Trump

Opening KYC verification on its official website, World Liberty Financial is a crypto project under development with Trump family support. Monday morning, several times the site was out for maintenance.

“Additional information about World Liberty Financial is only intended to be available to persons who have been pre-qualified by completing a KYC process,” the WLF webpage notes. “This material is only meant to be accessible in the US to those who have also been confirmed as accredited investors. This page is not meant to be an offer to sell or a request of an offer to acquire tokens in any country.”

KYC, sometimes known as “Know Your Customer,” is the process of confirming a customer’s identification to stop fraud and money laundering, among other illicit activity. Depending on the jurisdiction, anti-money laundering policies legally mandate that personal identifying documents such as a passport or driver’s license be turned in together with evidence of residency.

World Liberty Financial is not well known. Early August, Eric Trump and Donald Trump Jr. first hinted at the DeFi project in line with their father’s endorsement of cryptocurrencies. Live on X Spaces on Sept. 16, the Republican presidential contender launched off a “launch” event.

It was confirmed during that occasion that World Liberty Financial would sell WLFI, a non-transferable governance token, with limited participation only to authorized investors. Distribution follows this: Sales to the public came at 63%; user rewards came at 17%; team pay came at 20%.

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