Anand Sinha
2 min read
Trump family pulls silent exit from high-stakes venture, cuts 20% stake originally appeared on TheStreet.
The Trump family has reportedly reduced its stake in its key crypto business venture, World Liberty Financial, Fortune reported on June 19.
DT Marks DEFI LLC, one of Trump's companies, has reduced its stake in the crypto venture from 60% to 40% within the last 11 days, the report mentions.
Launched in September 2024, World Liberty Financial is a decentralized finance (DeFi) project. As per its official website, President Donald Trump and his sons, Eric, Donald Jr., and Barron, are the co-founders. It claims the president quit the position at the company after assuming office.
As per the latest Fortune report, Trump changed the name of DT Tower II LLC, an entity he created in 2016, into DT Marks DEFI LLC.
Trump held a 100% stake in DT Tower II LLC. But he reduced his stake to 70% in the new entity, DT Marks DEFI LLC, as his family members — presumably Don Jr., Eric, and Barron — came to assume a 30% stake in it, the report adds.
The report also mentions how someone registered three new companies in Delaware in July 2024: DJT Jr DEFI LLC, ET DEFI LLC, and BWT DEFI LLC — all named after the initials of the three sons.
While DT Marks DEFI LLC earlier held a 75% stake in World Liberty Financial, it later lowered it to approximately 60%, as previously reported.
The crypto venture raised $615 million via the sale of its native WLFI tokens in four rounds, as per ICO Drops.
The company has also launched USD1, a stablecoin pegged to the U.S. dollar. As per DeFiLlama, USD1 has a market cap of $2.19 billion and accounts for 0.0086% share of the total stablecoin market cap of $251.73 billion.
World Liberty Financial isn't the only crypto venture the Trump family is involved with. Meme coins, crypto exchange-traded funds, non-fungible tokens (NFTs) — there is hardly any crypto business that the First Family hasn't ventured into.
Trump's second presidential term has also seen the U.S. administration pursuing an aggressive pro-crypto policy, such as the order to create a strategic Bitcoin reserve and the introduction of bills regarding stablecoin regulation and crypto market structure.
Trump's financial relationship to these crypto ventures has raised questions regarding conflicts of interest, with Democrat leaders such as Sen. Elizabeth Warren (D-MA) being the most vocal critics.
Trump family pulls silent exit from high-stakes venture, cuts 20% stake first appeared on TheStreet on Jun 19, 2025
This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared.
