Trump-Backed World Liberty Financial to Acquire TRX for Treasury: Source

World Liberty Financial, a crypto project backed by the family of U.S. President-elect Donald Trump, is planning to acquire Tron (TRX) tokens for its treasury, according to a source familiar with the matter.

This move would further strengthen the project’s ties with the Tron ecosystem. Tron’s founder, Justin Sun, already serves as an advisor to World Liberty Financial and is its largest individual token holder, having purchased $30 million worth of WLFI tokens in November.

It remains unclear how much TRX the project intends to add to its cryptocurrency reserves. World Liberty Financial has raised $90 million through WLFI token sales and has previously invested seven-figure amounts in AAVE and LINK, tokens from its partner projects.

Trump serves as the “chief crypto advocate” for World Liberty Financial, which aims to provide crypto-based financial services to a wider audience. His return to the White House is seen as a pivotal moment for the crypto industry.

Tron is closely involved in these developments, with a delegation from the project set to attend Trump’s inauguration on Monday. Additionally, Tron sponsored the industry’s first “crypto ball” gala in Washington, D.C., on Friday night, according to a source.

Neither Trump’s team nor World Liberty Financial has responded to requests for comment.