$WLFI
Search documents
World Liberty Financial Eyes Launching Crypto Debit Card Amid Real Estate Tokenization Plans
Yahoo Finance· 2025-10-03 22:10
Core Insights - World Liberty Financial (WLF) is set to launch a crypto debit card aimed at integrating assets with everyday crypto spending, as announced by CEO Zach Witkoff at Token 2049 [1][2] - The pilot program for the debit card is expected to roll out in the next quarter, with a launch anticipated in Q4 2025 or Q1 2026 [2] - WLF is actively pursuing the tokenization of real-world assets, including real estate, oil, and gas, with a focus on making high-value assets more accessible to investors [3] Company Developments - WLF recently made its token $WLFI available to the public, although it experienced a price decline on its first trading day [4] - The company launched a dollar-pegged stablecoin, USD1, in March 2025, which is described as "the US dollar…for a new era" [4] - A significant investment deal was announced in May, where MGX, a state-backed firm from Abu Dhabi, plans to invest $2 billion worth of USD1 into the crypto exchange Binance [4] Ethical Concerns - The recent expansion efforts have drawn criticism, with U.S. Senators raising concerns about potential ethics violations related to the $2 billion deal, suggesting it could lead to conflicts of interest [5] - Critics argue that the deal may allow the Trump and Witkoff families to profit from foreign corruption through the use of their stablecoin [5] - Despite these concerns, WLF appears to be moving forward with its plans for tokenization and crypto payment initiatives [5]